Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed Impulse and Corrective Waves " AB "
Break of Structure and Retracement
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Fibonacci Level - 78.60%
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments....
Timeline is 6 months - 2 years
The crash has already started. At some point everyone will start to sell thier treasury bonds, yields will go up proportionally to inflation until the dollar loses it's status as the global currency and dramatic measures are used to stop inflation resulting in stagflation and yield recovery. Else hyper inflation and the dollar is...
Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Fibonacci Level - 78.60%
Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of Lower Trend Line and Retracement
In our last analysis, the Gold price has been reacted to upper dynamic resistance. finally, buyers got the rope and broke above the upper dynamic resistance. Right now gold is bullish and buyers are buying in every dip.
We Are expecting the price to eventually reach into 2300-2350 zone this week.
Plus, we have NFP/Unemployment news this week.
Our technical view...
Hey AII
I hope this emaiI finds you weII
Gold is currently in a good buying zone, but there's a different view. For my opinion picture it like navigating the Bermuda Triangle – mysterious and unpredictable. If it breaks down, it could drop to 2120.500. The price-to-earnings ratio (PE) is around 2178, indicating uncertainty. Yet, there's a solid support level...
Hello Traders
Gold prices have had some decent gains since "14 Feb 2024". in the last few days, gold dropped some gains due to DXY strengthening.
If DXY continues to strengthen itself, we believe lower gold prices are not far untouchable.
Gold has made a 12345 impulse wave (rising wedge). the price has been rejected 3 times from the upper dynamic resistance...
Here on gold price has been in uptrend and has made a rebound on 2160.00 and try to push down look at Elliot wave on daily timeframe it also predict down that means that going for SHORT needed and targeting profits should be around 2060.00 and 1990.00 .
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate....
Hello Traders !
On Tuesday 12 March, The Gold Reached The Support Level (2152.250 - 2141.880).
Currently, The Lower High is Broken (ChoCh)
So, I Expect a Bullish Move 📈.
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TARGET: 2182.400🎯
The euro, a symbol of European unity and economic strength, stands as one of the world's most widely used currencies.
Amidst global economic fluctuations, the euro remains a cornerstone of stability within the Eurozone, fostering trade and investment across borders.
As the second most traded currency in the world, the euro's influence extends beyond Europe,...
Hello Traders, here is the full analysis.
The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it,...
The nearby reference in 2027 appears precarious and fragile, possibly lacking sustainability for potential buyers. Selling the asset aiming for the 1970 mark, could be a prudent move to secure profits along the journey.
Remember to pay heed to your due diligence!
simple trading - Triangle
Gold has made a retest back to the triangle. With a strong dollar let's see if gold can hold above 2040. Watch the bearish channel.
scenario 1 : If the price break the area 1 its great opportunity to take long position after retest the area 1 .
scenario 2 : if the price fail to cross the area 1 up that mean we have great opportunity to short position up to area 1
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Hello Traders !
On Thursday 22 Feb, The XAUUSD Reached a 0.6 Fibonacci Retracement Level.
The Price Formed a Triple TOP Pattern.
So, Let's Expect The Bearish Scenario📉
If The Market Breaks The Neckline and Closes Below That,
We Will See a Bearish Move...
TARGET: 2006.600🎯
