Expecting more push to the upside till 1782 levels for the next drop or we shall update from there. Long term 1666 level should be sell target
With the ending correction, we are anticipating price to make an upclimb to 1892 level with 750pips with stops at 1783 of 200pips. observe proper risk management
Our buy analysis is based on that correction that happened till 1810 with potential of 1911 highs in days to come. Incase it pushes to 1804 to grab liquidity, we'll still look for buy potential.
For this week, we are gearing for more sells to 1830 then update.
Anticipating for short term sells to 1834 or 1825 level for the next move up
With the fall in gold, we anticipate more drops till 1819 before the next climb to 1910 or 1935. We will be reacting to it as price moves.
GOLD OUTLOOK A Close below 1878 with concrete confirmation price will push lower. However, we still have more room for the upside momentum
5 waves down completed, looking anticipating for another buy till 2008 and 2035 respectively for the next drop
With price moving as anticipated on our last setup. we expect more push to the downside at 4.37 or 4.1 for the next BUY OFF with 6.576 as our target level
TRADING GUIDELINES. 1. Identify trend direction from monthly, weekly, or daily 2. Scale down to lower timeframes for proper entries 3. Look for such patterns 4. Don't expect the market to play out as above, your lines are your limits, not the limits of the market. 5. The diagram is a road map, the market will deviate after getting enough liquidity but it will...
Gold opened with a gap, Gaps are spaces on charts that emerge when price change with little or no trading in between caused by underlying fundamentals or technical factors. From this setup, gold is correcting and making a complex wave structure. That gap between 1890 and 1903 must be filled. 5 waves down were complete forming our Wave 1 or wave A. 1925 and 1936...
That aggressive move to the upside I tend to believe was finalizing wave Z for the next push to the downside. We can also spot an expanding triangle with wave E ending it. If structure changes we will update.
We tend to believe Gold was completing an upward move of wave Z that completed the structure on Friday. High chances it will fall but stops will be targeted first to limit a lot of traders from gaining. Gold is still a safe haven for investors they need it at a cheaper price before more Vigorous buying. We are looking at 1640 Levels For Long term SELLS
Silver developed a complex corrective structure, we are anticipating another push up till 25.057 levels to end wave Z of the Correction
After 5 IMPULSIVE WAVES are completed, Next phase is usually a corrective one ABC or WXYXZ. This setup is forming ABC Which Wave A and B are completed thus waiting to fall for wave C to 31009 levels or lower
Oil has completed the third wave up if it extends up we should see highs of 115 then the price will fall. We can also see price falling at the current level to 56 or 46 levels for the next push to complete wave 5
Natural gas finished its complex corrective structure and now waiting to complete the last leg of wave 5 at 6.682
The first 5 waves to complete wave A were successfully done which gave us a correction of Wave B. We’re now in IMPULSIVE WAVE C which we're targeting to end at 1826 then drop. We can also see an extension of Wave C going till 1835 to get liquidity then fall