Gold has made descending triangle chart pattern. Take sell entry with SL @1967 near Yellow descending trend line and TP @ 1863. breakout of yellow horizontal line will confirm bearish trend ie wave c of primary trend form all time high.
Gold is has been tested blue trend line multiple time. before it makes any significance moves it has horizontal levels to broke
Multiple chart pattern trading strategy. Elliott wave analysis : trading head and shoulder, parallel channel, trend line, fibonnaci, breakout.
Gold has broke out parallel channel .
After making new all time high gold has gone into correction face. The pattern made by correction wave are hard to identify until they are competed and about to end. We can expect an ending diagonal in c wave of abc correction of 4th wave. Since 2nd wave was simple abc correction hence complex is expected in 4th wave before making new all time high.
Stock is in clear bearish trend. Right now we are at the end of 4th correction wave followed by 5th wave. If we consider global economy than we have us election on 4th November 2020. The result of this election will decide tone of current geopolitics risks for next 5 years specially us china. Before 2025 china has its own agenda "the vision 2025" which is the...
Gold was trading inside a parallel channel this channel is now broken after 5th reversal. it may retest this channel again for second chance with SL 1921 and first bullish confirmation at 1951
important support and resistance for gold to broke before making any significance move
Gold 15min chart Elliott wave analysis
gold is now in correction face. on h4 we have multiple chart patter like yellow ending diagonal which gives sell signal and blue parallel channel which shows more room for bulls after 2015 horizontal resistance. it depends on h4 candles
After making new all time high gold is now in correction face. this abcde correction is about to end. this third leg of gold will send it to 1800
CHF has breakout chart pattern price has broke and closed above trend line. After breakout price is consolidating.
Visual guide on how to trade gold with candle stick pattern. Candle stick support and rejection strategy
bitcoin is trading in this parallel channel. breakout will confirm bulls rally
1906 the horizontal support and blue ascending trend line are holding gold further decline. Once both level are broken seller will target for 1862 and 1818
after dollar decline euro is trading in side way correction. it can broke upside with bullish bias
gold is trading inside a potential parallel channel. Take profit buy low and sell high. gold daytrading Elliott wave analysis
gold has completed 5 wave expending wedge on 15min chart. It is neural with bearish bias and blue daily trend line to be broken