huseyin.karagozoglu.1
Short

..trading signals are just forecasts for one bar...:)

FX:XAUUSD   Gold/U.S. Dollar
592 17 1
According to my wave count , gold             makes its C wave beginning from its B wave top of 1795.And we are in the 4. subwave of this C wave.

And again we are just making the b wave of this 4. wave,which may result with a bottom either under the 3. wave bottom 1178 as a flat 4. wave correction or maybe result with a zigzag correction, without reaching the 3. wave bottom,possibly ending at 1220-1250 interval.


Afterwards a C wave of the 4. wave has to follow the b wave,as an attack towards the 1450-1480 levels.

As the last leg a 5. wave has to end the C wave under the 1178 bottom of the 3. wave.This can lead to the target of 1156.



Best wishes...:)
"..trading signals are just forecasts for one bar...and forecasts are trading signals for more than one bar..".

would be the original name of this published idea,but there was no room left ...:)

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B wave of wave 4 goes on...a bounce back towards 1330 is possible..but the main direction is downwards..
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1348 is possible..then the b wave will continue towards 1200
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fxtrader66
3 years ago
I agree with your count and views with gold.
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huseyin.karagozoglu.1 fxtrader66
3 years ago
thank you elpuerto93..:)...I hope my count is correct and we will succeed ..
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A decrease towards 1304 is possible,afterwards an increase towards 1348 and then a decrease to 1200..important is the top in 1348,so it will give us a chance to short for target 1200..
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huseyin.karagozoglu.1 huseyin.karagozoglu.1
3 years ago
"an increase towards 1348" has been played..but 1355 was the top..maybe another top,that is close to the former 1355 will be reached and then the decrease towards 1200...
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the existing top in 1355 or so, is the B.b wave top of the 4. wave in my graph..also the movement has to go on to the 1200 level or under this level,to finish the B wave..
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the last upper movement is only a reaction,and not a strong trend..we are waiting for the lower lows of the B wave...until reaching spome extrems maybe under 1176 bottom of the last 3. wave.....regards...:)
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thr breakout of the 1346 level downwards has occured..

1361 has been the top of the B.b waVE..so the next movement will be bearish towards 1263 just as the B.c.1...


and the first leg of this wave maybe a swing towards 1320..
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"A decrease towards 1304 is possible,afterwards an increase towards 1348 and then a decrease to 1200"


"also the movement has to go on to the 1200 level or under this level,to finish the B wave.. "


"the last upper movement is only a reaction,and not a strong trend..we are waiting for the lower lows of the B wave...until reaching some extrems maybe under 1176 bottom of the last 3. wave"





.....these were my forecasts,which were acting as trading signals for more than one bar....:)


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Probably; the b subwave of the 4. wave is still going on downwards.

My wave count is still in progress.





So we have to wait,that this b wave reaches a bottom under the 1180 bottom level of the 3. wave,to end an expanded flat correction according to EW.

This 4.b wave bottom under 1180 can be a suitable chance for opening long positions for the next 4.c wave.



I wish happy and lucky new year to everyone, trading in gold... :)
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The 4.C wave goes on in Gold.

More accurately defined; we are making the 4.C.4.b wave ,which started from 1285 bottom.Probably the b wave will end in the 1363 region in April.

As you see,if your ew count is correct,you don't need to change it for five months... :)
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a slight change has occured in wave count..

The 4.C.1 wave has begun from the recent 1277 bottom upwards, which has a wave target of 1327.Afterwards a correction towards 1296 as the second wave...


and then the rest of the 4.C wave towards the 1458 level...




The intermediate wave count 4.C is still going on.
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1268 is the bottom of the 4. th wave.Therefore the fifth wave has begun from that point.Wave target is 1476.Lets see. :)
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1240 is the bottom of the Y.b wave for gold..This is the beginning point alsa for wave Y.c.1..It has ended at 1333 and now we are making the second wave,which has a target 1275..but this wave is probably an expanded flat and we have a highly oscillating band ,rather than a trend...so 1314-1340 and 1275 may be the turning points of this second wave...
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After the second wave bottom of nearly 1275 ,3.wave will begin with the 1400 + target...
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