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.
- Quite a run on gold - Left a lot of inefficiencies behind 2 potential targets annotated on the chart Gold can take its sweet time to accumulate shorts This week will be interesting, potentially choppy
if Sustain above 2318 then 2333.0 to 2336.0 then 2345.8 to 2347.3 then 2354.4 to 2357.0 then 2373.7 to 2377.2 if Sustain Below 2318 then 2311 then 2309 to 2305.5 or 2302.9 then 2291.7 then 2281.7 then 2274.7 to 2271.5 or 2268.5 Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer - I am not a...
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...
NWOG to NWOG looks good. Targeting equal lows. should be quick Refer to previous idea Tagged
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...
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...
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...
Was looking to buy gold earlier but my rule is to let a 15 min timer after news expire so to allow for a cool down.. Would have already been in profit though. Rules are Rules As im typing this the order triggered, updates as follows
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.
As we witnessed gold price failed to hold ground and got rejected multiple times from the resistance region of 2335.00 to 2342.00 to 2310.00 area. On chart it is clearly visible that price is heading to test the green support zone of 2278.00 to 2288.00 where SMA 200 also provides an additional support. Bullish trend is valid till the price of Gold is stable above...
COMEX:GC1! "Excellence is not a singular act but a habit. You are what you do repeatedly." -Shaquille O'Neal Yo Family I hope all is well. Here i'm going to lay out a few different reason why we may be able to CAPITALIZE SHORT this week on GOLD... This is what we do and we highly skilled at it too... Let's vibe out!! I study the DXY very very closely as it...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M The broader context suggests that wave (iv)-purple may have bottomed out at 2285.2, allowing wave (v)-purple to unfold upwards. The short-term outlook suggests that wave ((1))-red recently reached a peak, and wave ((2))-red is unfolding to push lower. Subsequently, wave ((3))-red will return to begin...
Initial set up a pending order for the sell stop, thats now been invalidated. Looking for a change of direction confirmation. If that does not occur Ill be placing the sell top order again
I observed a bearish flag pattern on the 15-minute timeframe (TF15) for gold trading. After noticing the price break below the lower boundary, I entered a short position during the first pullback, targeting significant resistance for a short swing trade. On the 4-hour chart (TF4), one can also consider shorting based on the price pattern illustrated in the...
Gold (June) / Silver (July) Gold, last week’s close: Settled at 2308.6, down 1.0 on Friday and 38.6 on the week Silver, last week’s close: Settled at 26.69, down 0.139 on Friday and 0.845 on the week Gold and Silver futures turned higher upon China’s open last night at 8:00 pm CT. It is important to remember China was on holiday late last week, which means a...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M The broader context suggests that wave (iv)-purple may have bottomed out at 2285.2, allowing wave (v)-purple to unfold upwards. In the short term, the completion of wave (iv)-purple in an ABC pattern indicates that the upward movement from 2285.2 suggests that wave (iv)-purple may have ended. Pushing...
Gold is tricky at the moment because it's uncoupled from traditional influencers, it is a form of currency and I think central banks buying gold as a possible hedge against any pending currency crises that might ensue either debasing the US$ or the problems the Japanese are facing with their currency woes. So I believe we push on higher but at a junction right...