XAUUSD possible start a deep pullback ( 1005 pips +/-). at 2335 +/- which is a multi confluence zone of :- 1) Monthly Pivot ( 2333.778 ). 2) Daily O.B. 3) Lower Support of Pitchfork
XAUUSD's sub wave 1 (Red) of wave (A)(Green) probably stalled on 2403 +/- at multi Confluence zone of :- 1) Blue Up Trend Line 2) Nearest Peak Volume Profile 3) Daily Order Block. AND 4H Ichimoku Cloud Support , Weekly Pivot ( both not shown on chart ). P/s as this is the beginning of a "downtrend" it's better to short than long..
XAUUSD possible having a shallow pullback to 2420 +/- then drop till 2380 +/- before a deep pullback to 2440 +/-
XAUUSD. It Took Gold 175 days to build BASE on wave II (Blue). So it probably will take 108 Days ( 175 x fibo 0.618 = 108.15). to form wave IV( Blue) for BASE before rally.
XAUUSD probably completed its sub wave (A)(Green) of wave C ( Yellow Circled ) triangle. Probably resuming downtrend at 2422 +/- which it is the confluence zone of :- 1) Downtrend line (red) 2) Weekly Pivot (2426.147) 3)Upper Trendline of wedge pattern (yellow) 4) 4 Hours order block.
XAUUSD probably just completed wave B (Red) of an expanding flat ABC (red). As its price stalled at multi confluence zone of :- 1) Daily O.B 2) Lower Pitchfork Line Support 3) Weekly Pivot of S1 at 2368.553 4) 1hours 987 EMA (white MA).
SPX will probably having deep "correction" before US coming election on Middle of November. Where 4178 +/- level is a multi-Confluence zone of :- 1) Monthly Demand Zone 2) Weekly 233 EMA 3) Lower Support line of pitchfork channel.
Berjaya Corporation. A Conglomerate in Malaysia where many investors have xx experience .. after 1998 Asia Fianacial crisis. But with coming "new"....
GME probably having strong support at 12.68 +/-. As this zone is a multi confluence of :- 1) Monthly 233 EMA (white MA) 2) Monthly Order Block/ Demand Zone 3) Median Line of Pitchfork (Thick Blue). There would a probably a good support If there was a pullback toward wave E of triangle (yellow circled ) @ 12.68..
XAUUSD possible forming triangle patten in wave (IV) (blue). P/s Trading is about probability games the only 100% sure things "we can control" is our own risk/money management e.g :- 1) Risk/Reward 2) Position size.
XAUUSD reaching ATH again BUT Instead of forming triangle on "Base" before "Rally" to 2700 +/-at wave (IV) (blue).. Gold probably forming a complex tripe (W)(X)(Y)(X)(Z)(yellow) three pattern in wave (IV) (blue).
DXY dollar index as the king of cash. Tracking its 'direction" is vital when not just trading major e.g EU, UJ etc but Gold as well. What fundamentals news made dollar breakout? Rate Increase?! OR only 1 rate cut by end of year?
XAUUSD latest intraday wave structure probably shown that its ending diagonal pattern was "ended" at multi confluence zone of :- 1) Pitchfork channel ( Red ) 2)Blocked by 2nd daily order block 3) Upper Trendline of ending diagonal pattern (yellow).
XAUUSD as it is forming a bullish triangle pattern now (blue highlighted). So the ending diagonal pattern possible still working.
XAUUSD. Base on its speed z factor and current wave structure, which is a completed 3,3,3,3,3 sub waves in wave B (red). I won't rule out the possibility that we have completed an expanding bearish triangle pattern as previous idea posted on 21 June 24.
XAUUSD is now moving toward wave c (red circled) of a bullish triangle abcde (red circled) in wave b (green).
XAUUSD have cleared the 1st daily order block, now trending up to 2nd daily O.B as it's probably forming an ending diagonal pattern now in c ( blue circled ), Where wave (iii)(yellow) and wave (v)(yellow) could reach 2418 and 2428 (+/-) which are the confluence zone of 1) Order Block and 2)Pitchfork channel (red)
XAUUSD could retrace up to 2380 +/- where 2380 is multi confluence zone of :- 1)Daily Order Block 2) Median Line of Pitchfork channel (red thick line) 3) AB = CD (length) chart pattern.