© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M The broader context indicates that the 1-red wave has recently concluded, and the 2-red wave is now unfolding to decrease further. In the short term, the outlook suggests that the (a)-purple wave has completed, and the (b)-purple wave is currently unfolding to push slightly lower. Following that,...
- Hey. - Don't be tired. The movement of gold in the time frame is 15 minutes bullish first to reach a good area in 4 hours and daily and continue its downpour for the time frames said because Swing and orderflow are downward in 4-hour and daily times and the seller power is higher. (Also note that we re-analyze with each price movement, and the future is very...
The possible path of gold. We expect correction from the range of 2360 to 2375.
Judging from the one-hour chart, there is no unilateral trend in gold's recent trend. The main trend is shock, which is the adjustment form of the falling flag. When the shock ends, there is a high probability that it will continue to fall below and continue to fall. However, this is just a possibility of breakthrough. Whether to break through upward or...
Gold in the coming week is expected to push further towards the 2400 region after the initial pullback. I strongly believe this would be the possible direction since last week the gold pushed down and was trying to get its upward momentum. This week I believe buyers would take the role to push it upwards The suggested move is based on my analysis not trading...
Am seeing more looses coming for commodities in the coming week,silver brakedown the structure n retested already to melt, wait for decision poi to tap then you can take your short from there.
Gold has bounced from the weekly FVG, followed by the breaker and AMD narrative as per my previous analysis below. In the cot data, we can see a little bit of profit taking from longs in the last two weeks, but no shorts added at all, this confirms my bullish idea. Resistance levels: 2365, 2380 Support levels: 2320 Previous Analysis: Video...
This is my technical analysis for next week. Please trade at your own risk!
Introduction - This is closure for binary forecasting for the people who follow it. Consider this draft as clarification for these two months as it relates to the standing long term forecast in Rumors of a Pivot, Part 3: Details - These are two most likely routes to June FOMC. In theory, whatever ultimately happens should be simple variations of these two...
2370 more As long as the k line falls back, we are running more, as simple as that Gold does not fall back, there is no chance to dry more, the afternoon market to force, directly down 2370 line, we more The k line has always stabilized above the average line, always standing position, the average line runs steadily upward like a rock, the overnight gold...
On Tuesday (April 23), during the European trading session, gold continued the decline of the previous day. Spot gold remained volatile after falling sharply in the Asian session, falling as low as $2,295.49 / ounce. More bulls took profits amid a pullback in gold prices as easing fears of conflict in the Middle East boosted investor risk appetite, reducing...
Gold is currently under temporary pressure after the price fell below the previous high shock range on the daily trend. The short-period moving average remains in the recovery of shocks, and is still slightly weaker on the daily trend. The current range compression in the 4-hour trend is relatively small, and the short-term moving averages are basically in a flat...
have a good weekend! The market trend throughout the whole day on Friday was still quite weak, with a unilateral rise followed by a zigzag decline. The overall price fluctuated within a range, with a range of only 26 US dollars, which was similar to Wednesday's fluctuation range, but the difference was that the movement was in an inverted V shape, 2351 -52...
My one rule of thumb is that if Friday is high then Tuesday will be lower, and if Friday is low then Tuesday will be higher. In this case, if the chart is unable to breakout at H1 ChoCh, then most likely the market will continue the trend (we can do an OP after an inducement is formed at M15). But if not, we can wait for a pullback after the breakout occurs and do...
Gold is known to never go lower once it breaks a major price point. In the past, we had a major level tested multiple times on higher time frames. Now we are above that level and with a good up-thrust move. from that single move, Ill like to start taking longs. Will also be loving any further discount
Hi Traders, Looking at XAUUSD we can see it gave us a MSS and Leacing an Imbalance on a Daily TF, SO we loading Shorts once it retraces into our daily FVG and Target the Unmitigated Demand Zone. This analysis is based on ICT & Price action. best of luck CharlesFX
Welcome Fellow Traders! Tech Analysis for the coming week + review of the current! Usually takes about 15-20 mins, sharing as much as possible, Stay Tuned! If you find the content useful to you, do follow me on trading view and give me a Rocket BOOST!