KVE
Short

XAU/USD: Gold correction continues!

FX:XAUUSD   Gold/U.S. Dollar
526 10 22
Short from last high (and completed bat see linked idea), which was possibly the end of an X wave.
New impulse wave count up was negated by PA retracing beyond wave 1 high, so still corrective...

Tradeplan: trade the Y wave (or at least try to...)

1) LONG: A wave could be close to completion with approaching trendlines..., so I will go long at trendline re-test
2) SHORT: Try to short B wave end at popular retracement (61.8%) for a 'killer' C wave...
3) LONG: At end of C wave, looking for fib and trendline confluence, either back to broken trendline or to popular retracement level

Watch out for possible bullish butterfly lower down... (not perfect 0.786 B though, but close at 0.766...).
SanZhang
7 months ago
good idea !!!!
Reply
KVE PRO SanZhang
7 months ago
Thanks, let's see what happens!
Reply
VRShaiju
7 months ago
Very clean and bright..!
Reply
KVE PRO VRShaiju
7 months ago
Thanks!
Reply
ahmedfx
7 months ago
Gold
Hexagon View h4
Reply
KVE PRO ahmedfx
7 months ago
I don't know how these patterns works but as for the 1235 and 1216 I can agree! On a short the timeframe it can be part of the current A wave! But watch out if the up move takes more time cuz the trendline is sloping up in which case 1216 can be a bit low... If it retraces higher than 1235 (1245-1250) then it might be the B wave itself...
Reply
ahmedfx KVE
7 months ago
this is Gann Analys
Reply
KVE PRO ahmedfx
7 months ago
Gann is wellknown name but I have't yet looked into any of the theories. Is it worth studying?
If you have any tips for reading material on it please share, always keen on learning.
Reply
ahmedfx KVE
7 months ago
I have a doc of astro and sorry i can't give it hope u understand only i give course :)
Reply
arif_awan
7 months ago
New Long and Short Scenarios for Gold.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out