In this idea I'm going to cover my Analysis from the monthly right down to the lower timeframe's so checkout all the ideas to get the complete picture thank's.
MN We have an impulse up, pink wave Y with no bearish divergence and an impulse down, yellow wave A with the possibility of bullish hidden divergence. Currently were in a complex wave B with no internal or regular bearish divergence. It's important to note we do have the potential bullish hidden divergence and the high can be broken in a B wave for a running or expanding flat. At this stage I think its unlikely the top will be broken unless we get an extended wave Z on the W1 but I defiantly can't rule it out and it still will be a B wave, price action is clearly showing that. MN Chart.
W1 We have 5 down and 3 up with no bearish divergence so I can't rule out the Z up for a more complex correction. There is no conformation that wave Y is over at this stage.
D1 and lower timeframe ideas to come out in the very near future so be on the look out.
Good luck and trade safe!
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Thank's to all the traders in advance that hit the thumbs for your support!
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Thanks Sir, found the longer term view most interesting.
I was expecting Gold to take previous highs (in USD) by 2023 or so...but that's it.
If More coming in a few months, very much appreciated
Cheers
Javier
Boon2
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@jgaldon, Your welcome, I'm glad it helped. If you look at the H4 idea (not currently updated) you will see that i'm still looking for the low to be broken before more upside so on the shorter term I'm currently waiting for the sell setup. If you wish to know how I trade or have any questions by all means you can send me a PM or ask questions in this thread.
H1 Chart.
Also if I haven't put out an idea on an instrument your looking to trade or updated an idea just send us a PM and I'll try to help in anyway I can.
I must admit that although having read about trading quite a bit and owning a few stocks, my main focus is on long term gold / silver / platinum outlook. That's why I regularly scout for views such as yours and why I am so grateful to you for sharing here.
If you, and I!, are still around by 2021-23, I will surely try my luck and ask for more of ur goodies! In the meantime, I'm following!
Thanks again for your time and all the very best for the year to come
Javier
Boon2
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@jgaldon, Your welcome, if you ever want to know how I analyze the charts or the trading system itself so you can do everything yourself, I do a complete course so you will be able to do just that. You will look at the market in a completely different way and simply will be amazed like all the other students I have taught!
I put this in my idea details for a reason "You seen these counts and analysis here first!" you may notice other's having a very similar idea as mine AFTER I put out an idea. LOL
Boon2
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I had to do the complete analysis on gold in separate ideas as I can't have multiple charts open in TV without premium membership, I hope you understand.
I was expecting Gold to take previous highs (in USD) by 2023 or so...but that's it.
If More coming in a few months, very much appreciated
Cheers
Javier