We have seen a completion of Wave 3, completed with a retracement to the downside (Wave 4), giving Gold the liquidity to carry on its bullish movement. The final leg part of the bullish phase will be make Gold reach 2140-2160 this year before we see a downtrend start. We have FOMC tonight which will bring a lot of volatility into the markets. Be careful with your...
I am predicting a major breakout to the upside for Silver in the coming months. Unlike Gold , Silver is still very cheap to buy into currently and hold as a long term investment. Gold & Silver are both following similar directions and are bullish for the foreseeable future in order to complete the final wave of the overall bullish cycle. Fundamentally, the...
I posted this analysis on my channel last week for my followers, calling for Gold to move up from 1880 towards 1920 as a completion of Wave 4. We have now seen this move be completed with another sell off. This here is the final leg of the downtrend (Wave 5) before the bullish trend resumes again. A possible shorting opportunity for 400 PIPS. Do you agree? Let me...
If you scroll through my page, you’d remember I posted this alternative analysis a few weeks ago. This is still a possibility hence why I am hedging my buy with a sell. Before the next leg of the Gold market goes higher, we still need a liquidity sweep below the previous Wave 4 in order to fill the imbalance. The current choppy price action would make sense as...
If you go back to my page and read the description, you'd see I also said there is a possibility that Gold could drop lower towards 1872-1850. We haven't exactly hit 1872 yet which we STILL COULD, but this is still a good zone to go long from. We've seen Gold drop roughly 700 PIPS since yesterday alone, liquidating all the buyers who got into the market late. This...
If you go back to my page, you'd see my previous long analysis from 1915 is running in 200 PIPS profit currently. If you read the description, you'd see I also said there is a possibility that Gold could drop lower towards 1872-1850. As we approach the end of the quarter, a lot of institutions will be closing out their Gold longs which can lead to Gold prices...
Gold is currently creating a very tricky & complex wave count in the markets & I believe there is still a chance for it to drop lower towards 1870. However, this wave count is also valid. We have seen completion of Wave 5 hitting a low of 1896 followed by a sharp move up. Since then we have been ranging within this tight zone which could be the start of a new...
I am predicting a major breakout to the upside for Silver in the coming months. Unlike Gold, Silver is still very cheap to buy into currently and hold as a long term investment. Gold & Silver are both following similar directions and are bullish for the foreseeable future in order to complete the final wave of the overall bullish cycle. Fundamentally, the...
Looking at a correction towards 1983 throughout next week. Market needs recovery after a sharp sell off this week. We have seen the first impulse move up (Wave A) followed by a corrective Wave B inside this bullish pennant. Now looking for the next leg up towards 1983. All of my socials are listed on my TradingView profile. Feel free to follow my TradingView in...
After the huge bearish pressure since yesterday, I am now expecting a correction up towards 1970. In the process, market structure will also create a head and shoulder pattern around 1970 which could indicate further bearish pressure. All of my socials are listed on my TradingView profile. Feel free to follow my TradingView in order to keep up to date with all...
Little educational post for you guys! If my analysis is correct & the current uptrend is Wave 5, an effective way to estimate how far this last bullish cycle will go is to go back & look at Wave 1, when Gold first started its uptrend in 2006. Wave 1 & Wave 5 tend to be very similar in how many PIPS they move, with a few hundreds PIPS difference which is very...
I had called this bullish move back in February in the Market Breakdown Report for my investors and we have so far profited from it. On the daily TF, we have also now seen all the imbalance filled that market created during its drop in 2020 and 2021.
Dollar Index has hit a high of $99 and rejected from the resistance I highlighted a few months back. Expecting a bit of consolidation and spikes around this zone before the Dollar makes its next big move!
This here is my long analysis towards 1982 & possibly even towards the 2015 on Gold. As we have seen Gold has been in a huge bullish cycle since February 2022. So far by the looks of it, Gold has completed Wave 3 of the Elliot Wave move & hit a peak of 1974, followed by a 1000 PIP drop down to 1878, which would count as Wave 4 if this analysis is correct. We are...
Self explanatory as all the waves are detailed on the chart. After this huge bearish move, I am expecting price to correct itself back towards 1938. All of my socials are listed on my TradingView profile. Feel free to follow my TradingView in order to keep up to date with all the latest analysis. Drop a like if you agree with this chart analysis or let me know...
Posted this on my page yesterday. Broke past our confirmation line and hit a high of 90 PIPS profit today📈 Still possible to get in now again. All of my socials are listed on my TradingView profile. Feel free to follow my TradingView in order to keep up to date with all the latest analysis. Drop a like if you agree with this chart analysis or let me know what you think!
I am looking at buy positions on USDCAD towards $1.2900. This market has been correcting itself inside this triangle, in the form of an A,B,C pattern. The correction has now been complete and now ready to breakout to the upside. DXY is also looking bullish, which would support our buy bias on USDCAD. All of my socials are listed on my TradingView profile. Feel...
So annoyed about Bitcoin😭 Literally missed our sell limit by 40 PIPS and dropped down 900 PIPS in profit towards the direction I predicted. Scroll down to see the 'before' analysis. Will look for re-entries within the Crypto Fund.