Failed moves in one direction, often create violent moves in the opposite direction.
If gold can breakout versus the strongest of the major fiat currencies... oh boy!
#gold #swissfranc #xauchf
If gold breaks out versus the Swiss franc...
What do you think will happen to gold priced in the other, weaker fiat currencies?
Includes the US dollar.
#gold #swissfranc #usdollar #inflation #purchasingpower #silver #fintwit
Swiss Franc is historically the strongest currency.
If gold can outperform it, probabilities increase we are entering a precious metals bull era.
#gold #swiss #usdollar
Hi,
retracement come to 200sma and 0,618 fibo point. nice supply i think. can be some gartley or crab formation which i dont care.
4h rsi on bull side
daily macd works well. we have to see cross to enter trace.
1713 level is the key. when hits check the volume and candlestick forms.
cy.
Hi guys
As you can see ,The price is in a descending channel, and in the third meeting with the ceiling of the channel , which we marked with a circle, it breaks the channel and is expected to rise firs to the middle and them to the ceiling of the next channel.
Be sure to comment your opinion.
good luck
Hello traders, Everything is clear on the chart for you like always. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me.
The fifth wave ends, because the third wave is extended, so there is a high probability that the fifth wave will not be extended, so you can buy.
First target position 1687
Because of the third wave wave third son, the first five waves no longer extend, the third wave has ended, and start the fourth wave of correction, because the second wave is a platform, the fourth wave of zigzag type or platform, the third wave of $23, so the fourth wave of the first target for 1856, the next target for 1842, the third goal for 1830, Determine...
The third wave has come out, began to go under the fourth wave, because of the second wave is platform type, so the fourth wave may be zigzag, let's wait and see.
