FX:XAUUSD   Gold / U.S. Dollar
192 11 6
XAUSUD, Long term view

Comment: Will add more labels after price hits 1200 support
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Comment: FLAT and Reverse
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Comment: DXY & Gold, negative correlation
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Comment: Daily REVISITED
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Trade active:
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Comment: 60min revisted, we reached equal legs and price must close below 123.6% and break upward trendline
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Trade closed manually
Comment: It seems like we have a FLAT,we might get a new high to finish of seq. Waiting for a return because DXY must correct

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Trade closed: target reached: Target
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Comment: Target now 1200,
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Comment: I missed the the move down, hope it doesn't spike up
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Comment: Since we have 5 wave down from the highs to wave (a) blue, zig-zag may be unfolding which will end @$400 which I doubt but we can have a deep correction maybe 78.6 of the move down then correction will be like expanding FLAT
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Comment: Weekly,
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Comment: D
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Comment: H2, last move before we go UP
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Comment: UPDATE, Target is now 1170(extended 5th). We have Fibo Cluster of Monthly 61.8 if you look at the chart
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Comment: Mistake prev chart,
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Comment: 2H UPDATE
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Comment: REVISED, If we get a strong impulse to 1200 then that would be wave 3(1.618), wave 4 @ 100% and 5th wave at 200%. If price breaks 1240 level the cycle to the downside is over. Current structure looks like ending diagonal
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Comment: I also have alt which is in green when price moves in a zigzag
Comment: Proper One, REVIS made mistake and the count on the previous chart.
Breaking ((b)) will mean downside is done and if not breaking then gold might go to level 1130
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Comment: Reached the equals of ((a)) / ((b)), are we expecting ending diagonal?
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Comment: $1120 is possible then turn
Comment: ROLLING out as ending diagonal, I will not buy Gold until atleast 1125, buy order will be at wave (iv) of ending diagonal
Comment: Been ending cycles pre-maturely,$1110 - $1100 area will be my turning zone but it come slowly
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Comment: TARGET 127.2:
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Trade closed: target reached:
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Comment: Correction time, ABC target between 61.8 - 88.6
Comment: It's motive wave,
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Comment: 1280 is the target buy now.
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Comment: we have a deep correction, structure has reached 100% extension from the highs, market should move 3 wave up
Trade closed: stop reached: I'm out
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Comment: UPDATE:
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i think its gonna be more fall down side
look like this your chart
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Reply
share last update chart please.....
Reply
@Jahid, let me check it
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Jahid ThatoTumelo
@ThatoTumelo, my view of gold ABC correction
XAUUSD (Gold) Road map --
Reply
Jahid Jahid
Reply
ThatoTumelo ThatoTumelo
@ThatoTumelo, You must also check DXY chart for sequences and cycles.
+1 Reply
thank's for update
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@Jahid, hope you got in @ 1270
+1 Reply
100 % agreee
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