Nawornaver

Nawornaver

The Gold in Weekly still in bearish sideway. Be very careful.

Nawornaver

After few weeks doing analysis. I have left this analysis without changing anything this is the current price as of 29 september 2021.

Nawornaver

Today is Monday, As per last few weeks gold have been dropped to area I have marked down. I also expected a buy here. This is a good analysis. I will keep understanding the market structure between Support and resistance. Supply and demand. Elliott wave and market structure. not to mention Fibonacci levels.

Nawornaver

Gold is Basic Money. the origin of Value is people.

Nawornaver

Gold short term buy. Gold will buy for retracement. be careful. the selling is now stronger in daily.

Nawornaver

this could trigger the bearish market for the next 1 or 2 years if this happen.. what do you think?

Nawornaver

This will be my expectation for Gold. looking forward for more selling in this set and trend.

Nawornaver

It is forming the last Elliott Wave. wave 5. looking more Selling.

Nawornaver

Gold is respecting the Support and Resistance Level. Gold move as predicted. Gold clearly showing sight of dropping.

Nawornaver

Gold have move down earlier than expected from Supply demand Technical Analysis. Gold hit Flippy area at 1808.89. Gold Drop to current price 1776 and create a new LL from previous sideway movment. This shows Gold is following Weekly downward trend. Gold might drop more.

Nawornaver

Gold in Wave 3. Gold have move out from Expanding Triangle. Gold next move should go lower at 1760-1750. Gold making momentum downward. Gold have the potential to go 1737.

Nawornaver

As per last week. Price have making impulse down wave A. Now price is making Wave B. Before dropping down to make wave C.

Nawornaver

GOLD Price is still respecting the Demand area. Soon to be Broken and Drop. My Marking Still intact as per Last Week. Level to be seen and consider strong is 1760.

Nawornaver

I was reading my emails and come to see a breakout text so I look into it. and found this setup.

Nawornaver

Just some perspective on this. the smaller Time Frame intraday Analysis seem this. I am in doubt. there for I would not entry.

Nawornaver

Gold is now in Corrective Wave. Currently Wave A is almost completed. waiting the formation of Wave B. could be at area 1815. before the formation of Wave C. could be reaching 1760.

Nawornaver

GOLD is Neutral Side Way Gold is currently completing the 5th Wave. now is doing Corrections to upside. Gold is possible looking for more liquidity at the supply zone. The level H4 Supply or Zone is the expectation. Looking forward to see rejection there.

Nawornaver

Gold might be forming a redistribution at the current price 1792-1810. This is my though. If gold forming accumulation pattern while approaching price up towards the upside. I will be looking for sell on reaching H4 supply. will look closely on this concept.