KVE
Short

XAU/USD: Gold correction continues!

FX:XAUUSD   Gold Spot / 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...).
Hexagon View h4
Reply
KVE ahmedfx
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
this is Gann Analys
Reply
KVE ahmedfx
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
I have a doc of astro and sorry i can't give it hope u understand only i give course :)
Reply
Very clean and bright..!
Reply
KVE VRShaiju
Thanks!
Reply
good idea !!!!
Reply
KVE SanZhang
Thanks, let's see what happens!
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out