This month we should see $ 1967.
Only one condition: no break and closure below $ 1885.33 on a weekly basis before the wise b is formed.
If the trend is confirmed, then we could expect the same or a similar development as in the chart.
Mid-2021 = sharply falling.
Here I present 3 potential possibilities that could happen by the end of the year.
Yellow, green, or red.
In the black BOX at the bottom left, we see 21 candles, at the top right, there are 18 candles. So, 3 more should come, which means on Tuesday at the latest there could be a bullish reaction.
As an alternative to my previous EURUSD chart, here I prefer the...
On H4 there is a red cloud as a barrier ... but should be overcome.
For potential return, see support at 1941.4 and the green zone between 1931.70 and 1928.8.
Daytrading: H4-based closing price above the red line (1947.3) is bullish, below it is bearish.
Under 0.9070 short!
Strong obstacle is at 0.9030.
A bullish scenario would only offer itself if this price mark (0.9030) is broken upwards and we see closing on a daily and weekly basis above. As long as that is not the case, I will remain bearish.
in between I'll get in touch again. Here is a GBPJPY chart.
At the moment I see that the future cloud is red, which means that prices should be pulled down again. How fast this happens depends on 138.50. That shouldn't happen this month.
Once that price is broken, it could fall by 465 P.
If the break is confirmed, wait and only when it reaches 133.85,...
New lows possible in April.
Support between 17854.5 and 17638.5.
If we see this zone in the second quarter, I am looking for a suitable long entry here.
Condition for this setup: no closing price (on daily and weekly basis) above 24604.
Look at this mark for short.
That could deliver a few thousand P (about 7000).
According to this scenario, April should bring some recovery, but I expect an annual low until August, which could lead to $ 12.37.
If this view is confirmed, you can go long in early August and wait until 62.67, which would bring over 5000 points profit.
If not tomorrow, then next week or, at the latest, at the beginning of April, 1.06126 should still be reached and at this level a long entry would have to be taken into account.
Break and close below 1.0520 - on a weekly basis - would destroy this view.
In that case, but in the longer run, prices below 1 would be possible with the first target at 0.9147.
I think we saw gold's high this year. That was in March and now there should be a consolidation phase for the red A, which is said to consist of the a b c waves.
If gold doesn't fall below $ 1375 this year, then next year, again in March, we could see another high for the red B.
Afterwards to complete the black C, heavy losses would be expected.
If this is the...