The ABC should happen once weekend is over. Mean coincide with fib ratio. On the ichimoku cloud, it seems that the lagging indicator will not fall through the cloud when that happens. Also, it looks to form a decade old C&H. Because of how big this thing is, Gold might end up flying to the moon by end of this year through to next year if this thing goes the way...
Gold has now formed an downtrend channel. Pattern is now clear. Already retested the upper band, creating a fake break. Now we expect price to drop at weekly support. Banks already closing some long and short positions, now we might see the building of their shorts. 10k shorts were closed , this week we can see also big volume of longs closing, by the big move...
ANALYSIS ON GOLDUSD Welcome to my analysis - 4HR CHart - Interesting Point of interest In the XAU/USD pair. - Price above 200 day EMA. - look for sell signals TO GREEN ZONE. - Watch top for sell. - Watch line for break out to the downside. - MACD showing bearish divergence Long term i am expecting move to the upside. Will update soon Stay Tuned
as per previous charts and expectations we r above daily high and made a hew high, so from this point it can drop deep down, or it will be just another correction for medium term up before the big drop . now on the chart we can see that it retraced barely above 0.236 and im expecting to see at least 0.382 and if that will be all the correction or it will be part A...
Udater : XAUUSD Technical Analytics 1 - 31 / 1/ 2020
I'm seeing Gold making a retest and bouncing to the zone of resistance, Ill be looking for potential buys with the right confirmations.
Long GOLD Above-1467$ Stoploss-1458$ Target 1-1475$ Target 2-1483$
"In the name of Allah, the Most Gracious, the Most Merciful". XAUUSD Big Dump Is Coming Soon. Note: This is only for Educational Purpose this is not Investment advice. Thanks Adil Khan.
-->>Butterfly pattern spotted on D1 -->> price testing resistance
Gold seems over priced for now. Expecting a strong fallback due to a recession. TP1 Range : 1210$-1220$ (Decision Point) TP2 Range : 960$-980$ Good Luck.
obviously the first yellow count was not all the correction and latest run up very much looked as a part of a bigger structure. i assume it will make running flat which shows that the continuation move wont be so big, since on daily/weekly we r at resistance. but for last part of the structure as per chart im expecting another abc or maybe it will be 3-3-5...
Disclaimer - I could be wrong/Trade at your own risk...
Disclaimer - I could be wrong/Trade at your own risk...