As I said last weeks...EJ will climb in the next few days or stay in this area ... Just like I told you at EG, EJ made 6 green candles on the 1 month chart, which has only happened twice in the last 15 years! for now I will be very reserved with this pair and I will look for massive SELL in the first part of May especially since W did!
EVER in EJ's history he has...
as I said yesterday ... "GOLD rejected from FIBONACCI 618 and exceeded our expectations (we gave 1824-1874)! for the next period we expect it to make a range in this area and to continue the climb to the 1923 area. .. 1983! "... the first target he reached!
GREAT ATTENTION: our analyzes have an accuracy of over 80% but due to market manipulations during this...
the gold reached the Fibonacci 786 area, rejected and climbed to the Fibonacci 618 ... and from here we expect a maximum correction to the 1824 area and a strong climb to 1847 and after ... 1875.
!!!!! my advice is not to play Gold until after the news on Wednesday, December 16th!
if the stimulus to the population is approved and the vaccine is successful ......
USDCAD- If we look closely we can see that it rejects from the trend line. And we expect that in the next period to rise 200 pips. First around 1.31700 then around 1.33200. And if we look carefully we think that in this area it forms a W.
Check out this Elliot Wave driven technical analysis punt from me.
Gold has a lovely growing rolling pyramid structure that is generated mostly through particular price and event patterns.
Simple LONG hold here. Buy big or go home. Hold long or mess about stepping in and out.
Easy profitable trade IMO.
