As per my previous ideas on gold, we now have a technical entry with a retest and resumption on the 8hr candles.
I don't like the chances of going straight up from here, but I've taken a small position anyway. My stop loss is also tight at 1806. If we go up from here it should be fairly strong.
A better entry will be either after a wick down to the lower trendline...
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Hi every one
Gold Spot / U.S. Dollar
as you can see in XAU/USD chart you can see a falling wedge pattern as well as strong support which is yearly support!
so the price is approaching it's yearly support and by seeing the falling wedge pattern we expect the price to rise but only if the price break the falling wedge pattern!
you can also see the Elliott wave...
WAVES has pumped crazy to the 4700sts zone, I think that the uptrend of WAVES may continue.
However, WAVES need to prove by closing a 1D candle above the 4000-4200sts zone.
If not, WAVES will gradually decrease to 3000sts
-Sell: 5000-5250sts.SL if A
-Sell: 6750-7000sts.SL if A
It went up higher than I expected so I have updated my trend lines. The corrective phase has almost complete and another Elliott Wave should start soon.
It is too late to short now, and hopefully you took profits at the first target of the last short.
My last chart www.tradingview.com
Quite a while back in one of my ideas I've stated that silver could go back all the way to 18 dollars per ounce.
Although it looks like price is bottoming out I beg to differ that we actually have seen a real higher low since this year's rally.
As you can see I make use of the EW theory and so far I was able to find 2 impulse waves (1 and 3) that...
WAVES/USDT currently trading at $7.66
LONG ENTRY: Enter long after Falling Wedge Breakout in 1 h chart
STOP LOSS: I will update soon
Target 1: $8.70
Targe 2 : $10.00
Max Leverage: 10X
ALWAYS KEEP STOP LOSS...
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