Here's 2 possibilities of how Gold could move on the intraday frame. 1. Gold keeps dropping lower and hits our $1,877 target. 2. We see a retracement towards $1,918 - $1,922 as a liquidity move, before price drops again. What do you think?
As I said before, we expect a correction on the bigger TF for Gold, before buyers come back into the market. We've seen a 5 wave bullish completion on Gold, with markets being overbought at the same time. We've also seen a CHOC + BOS, indicating markets now ready to sell off in the short term. Target 1: 1920-1877📉 Target 2: 1764-1740📉 Target 1 is our main...
Gold finally breached the psychological price of $1,900 & we are currently seeing price range around this zone. Sellers are running out of liquidity hence why the slow movements. I do see this choppy price action inducing a lot of new, early buyers into the market, before we see the FINAL leg down. Gold only 280 PIPS away from our $1,877 target🦾
Gold is running more than 740 PIPS in profit to the downside, since we first called a short position from 1870. Hope everyone who follows this page, is profiting from Gold crashing!
Looking at the 1H TF, it is possible that Gold could make a little push higher & play within the current consolidation zone. Overall, we are still in sells mid term, this buy is just a short term hedge. ⭕️ Buying zone at $1,933 - $1,936. ⭕️ Sub-Wave 2 Correction on Smaller TF. ⭕️ Liquidity Grab for Sellers.
Possible buying opportunity on Gold towards $1,949 after a small retracement. 150 PIPS profit target.
A much needed update on the US10Y, as it has been a while. The market has moved really slow, BUT still moving as expected from our long analysis. The market has moved up a huge 23.50% since the start of this year & still has more upside left! Well done to all those who invested into the 'US 10 Year Yields', as it makes a great diversification in your investment...
The DXY is holding up nicely & still expecting a correction towards $108-$109 in the mid term. We can possibly experience fluctuation & volatility, which will be used to take out possible early buyers, but as long as you have a decent sized account, you'll be able to weather the volatility👌 The Federal Reserve hiked interest rates by 25BPS yesterday, so this...
Our Gold position is still active & running in profits so far. Not expecting much market movement today as it is the last day of July, so price will remain stagnant. Also, how market closes today will say a lot about how the Gold market will move in the month of August.
Zoomed out to the 2H TF for a wider view. Gold has completed a 5 wave impulse correction, which should now be followed by a 3 sub-wave corrective move. Lots of liquidity still sitting around $1,936 (previous Wave IV). BUY STOP: $1,913.60 TP1: $1,942 TP2: $1,980
Silver is moving very similar to Gold & we can also see it trading within a very complex structure. Possibly creating a flat corrective structure, meaning volume will be very thin with slow market conditions. ⭕️5 Wave Impulse Move Complete. ⭕️3 Wave Correction (A,B,C) Yet Pending. ⭕️Selling Momentum Lost.
Zoomed out to the 2HR TF for a better view. Market still taking out early buyers by spiking to the downside. As long as market remains above $1,910 then the bullish structure remains valid. TP1: $1,942 TP2: $1,980
Trying 1 last buy position on Gold before the week ends. Going in with small risk as it's a Friday & markets are choppy. ⭕️5 Wave Impulse Move Complete. ⭕️3 Wave Correction (A,B,C) Yet Pending. ⭕️Wick Fill Complete. ⭕️Lots of Liquidity Still Sitting At $1,938.
Seems like Gold is forming a very complex, corrective structure hence why this strong move down taking out buyers. ⭕️5 Wave Impulse Move Complete. ⭕️3 Wave Correction (A,B,C) Yet Pending. ⭕️Wick Fill Complete. ⭕️Lots of Liquidity Still Sitting At $1,938. Seems like Gold is forming a very complex, corrective structure hence why this strong move down taking out...
5 wave bearish completion on Gold, so now it only makes sense to see an upside correction on Gold. TP1: 1940 TP2: 1980
Here's an update on LINKUSD which I posted for you guys back in January. Just like I expected, market is still ranging within this corrective phase, which is allowing big institutional firms to DCA from these cheap prices. We expect further consolidation over the next few months, before we see a downwards liquidity grab towards $0.09📉 This also moves similarly to...
I can see a very complex correction forming on Bitcoin which will trap a lot of new buyers & sellers. I have taken a long position as I expect BTC to consolidate on the bigger TF for the next month or 2 and play within the current zone.
Looking to buy USDCHF as market seems to have bottomed for the time being. We've seen strong bullish momentum from the current support zone, showing buyers are now taking over. Buying Confluences: 🚫5 Wave Impulse Move Complete. 🚫DXY Strength (Positive Correlation)Corrective Move Yet to Follow. 🚫3 Wave Corrective Move Yet to Follow.