I personally think short term maybe lower, but the purpose here is to consider the outcome of a new asset following the path of another with the participants being the same people. filb.
CURRENT PRICE: 2296.5 2278 to 2288 is the bullish zone for gold as mentioned in the chart, plus 200 SMA is also providing support at 2293. Price is bouncing from this level and is currently trading at 2296. Till the price is above this support zone BUY is recommended to target 2304.5 and 2323.6. Whereas breach and stability below this support zone will result...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M. The broader context suggests that wave (iv)-purple continues longer than expected, pushing lower, looking for targets around the 2260 area. The short-term outlook shows that the x-blue wave recently ended, and the y-blue wave is opened to push lower, while price sustaining below the 2317 resistance...
If Sustain above 2305.1 then 2310.4 to 2311.8 above this bullish movement then 2328.5 then 2341.8 to 2344.1 or 2347.0 then 2352.3 then Swing trade Bullish to 2378.4 to 2383.6 then 2393.0 then 2401.4 then 2408.6 to 2409.4 If Sustain below 2296.2 to 2295.1 then 2287.0 then 2279.6 then 2263.9 Swing trade bearish then 2237.2 to 2231.9 then 2302.1 to...
It looks like we have an impulsive count to the downside for a C or 5th wave. I'm looking for the Green 5th wave to extend to the deeper fibonacci target of 278% after a decent 4th wave bounce... but first it needs to complete blue 345 to the downside. Deeper Targets possible - will update the idea as it progresses.
NWOG to NWOG looks good. Targeting equal lows. should be quick Refer to previous idea Tagged
if Sustain above 2357.7 or 2359.4 then 2367.5 to 2369 then 2375.6 above this bullish then 2412.5 then 2423.9 then 2432.4 to 2440.5 or 2448.5 if Sustain Below 2339.1 then 2331 then 2323 then 2314.2 to 2302.9 Strong level then 2294.5 or 2286.5 below this more bearish then 2229.6 to 2221.5 then 2213.5 to 2204.5 or 2193.2 Consider some buffer points in above...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M. The latest forecast for Gold to fall lower with wave ((2))-red has taken place 🎯. Here is the latest update: The broader context suggests that the iv-purple wave may have concluded, and the v-purple wave may be ready to push higher. The short-term outlook suggests that the ((1))-red wave has just...
#short gold #bearish_flag breakout looking for a short entry in gold 1:3
These levels provide guidance for traders interested in trading Gold MCX Futures on June 5, offering specific entry points, target prices, and stop-loss levels to manage risk. Range Point: 71,500 Day Range: 538 points Buy Above: 71,544 Average At: 71,481 Buy Target 1: 71,832 Buy Target 2: 72,038 Buyer Stoploss: 71,365 Sale Below: 71,418 Sale Target 1:...
*Major levels only if Sustain above 2346.9 then 2360.8 then 2374.6 then 2398.7 to 2401.4 or 2404.1above this more bullish if Sustain Below 2338 then 2301.5 then 2289.7 to 2287 or 2284.3below this more bearish Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer - I am not a SEBI registered...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M The broader context suggests that the iv-purple wave may have concluded, and the v-purple wave may be ready to push higher. In the short term, the outlook indicates that the iv-purple wave unfolded as a Flat correction and has ended. The v-purple wave may now be unfolding to push higher. In the short...
Daily reversal candle after a breakdown on a daily chart. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
For your Study only If Sustain above 2348.8 then 2354.9 to 2357.6 above this bullish movement then 2365 to 2367.7 then 2379.1 to 2381.8 then 2391.3 to 2395.4 If Sustain below 2340.9 then 2333.4 to 2330.7 below this bearish then 2319.5 to 2316.8 then 2302.1 to 2298.1 Consider some buffer points in above levels. Please do your due diligence before trading or...
an understanding of my trading style, trading of reactions with more reactions
the gold market this year has essentially only seen upside. since all time highs theres been a run on available contracts during a contraction that has ended suddenly. it appears that todays rally has been sustained, and the uptrend in futures has all but resumed according to a credit liquidity crunch and bear dollar environment. according to tv alerts, forex...
if Sustain above 2339.1 to 2341.6 then 2346.2 then 2350.9 to 2357.7 strong level then 2362.4 to 2369.2 above this bullish if Sustain Below 2328.1 then 2324.1 to 2323.2 then 2316.4 below this bearish then around 2300.2 Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer - I am not a SEBI...
COMEX:GC1! "Never give up! Failure and rejection are only the first step to succeeding." -Jim Valvano This is perfect play for a high probable trade to go LONG!!! Check out the Chart Link below where I breakdown the reason being why I think the market will take off LONG... Remember when it comes to FRM (Financial Risk Management) our Job is to manage the...