SteveTan

SteveTan

XAUUSD Asia Monday breakout which formed order block /breaker block at 2004 +/- as good zone for long toward 2040 +/-

SteveTan

XAUUSD. Beware of major reversal when its price getting tightened toward major resistance/ liquidity zone @ 2065 +/- as its price probably forming an ending diagonal pattern /structure.

SteveTan

Gold. we are at muti year triangle = sideway now, this triangle probably only completed by 2025 as we are still at wave (c)(blue) of the triangle on monthly chart ( pls refer to zoom in pic). P/s. 99.9% of Elliotticians ( traders who practise elliott wave ) hardly achieved consistent waves counts as 99.9 following "textbook" written rules that 1,3,5 impulsive...

SteveTan

Gold / XAUUSD (future) as an "touchable asset" for "ancient mankind" to "accumulate" wealth VS "equities market" an "virtual asset" for "modern mankind" to "accumulate" wealth. As US SP500 index = benchmark / gauge for where is the "richest men on earth wealth's "performance". One should understand and "read" where "the modern capitalisms" run without "bias" due...

SteveTan

XAUUSD, by checking its internal Z-factor (speed) GOLD is probably forming a bullish triangle, currently its price is moving down toward wave e (green circled) of triangle... Hence gold's price probably will reach 2065 +/- by mid of December.

SteveTan

XAUUD's 1958 +/- is confluence zone of 1) Breaker Block 2) Order Block 3) Median line of Pitchfork.

SteveTan

XAUUSD's Bias = AS USD almost approaching 103.50 +/-. Gold could possible only "reach" @ 1995 +/-

SteveTan

US 10 years treasuries yields long term chart since 1790 is forming an expanding flat pattern ABC (Red), where it probably just completed wave II ( Blue Circled) = the first pullback of long term downtrend impulsive C wave ( Red )( further detail in next lower time frame chart ).

SteveTan

XAUUSD possible found its "base" @ 1930 +/-. which is a confluence zone of 1) Order Block 2) Fibo 38.2% 3) Parallele line support of pitchfork ( thick blue). Long gold @ 1940 where there was a hourly order block.

SteveTan

DXY / Dollar Index could have a further decline until 103.50 +/-. Which is a confluence zone of :- 1) Order Block 2) Fibo 50% 3) Parallel line of pitchfork.

SteveTan

SPX, by breaking last high, SPX probably just formed wave 2 (yellow) of an expanding flat pattern of wave (C)( Blue). Where price could reach 4578 +/- and making the border of upper triangle "clearer".

SteveTan

US Bonds probably the "Most Highly Bought Bonds" by any Countries's govermnt in the world (as safe haven). Time to buy US Bond ETF? E.g TLT, AGG, IEF etc?. What do you think saving money in US FIXED deposit bank aiming for 5% +/- gain ( while waiting for US dolar depreciate against most currencies pair) or buying US Bonds ( which is the inverse of US Bonds...

SteveTan

Maybank possible the last "golden opportunity" for gaining 61% ( from 8.00 to 12.88 +/-) by end of 2025 ( before a deep pullback again )

SteveTan

SPX Checking from its internal waves structure, SP500 possible "V turn" without reaching 4400.75

SteveTan

XAUUSD possible still trending down toward 1925 +/-. where there is a confluence zone of :- 1) Order Block 2)Trendline support.

SteveTan

KLCI. There is a "hidden" "big Bearish Triangle" in wave 4 (yellow) = A Calm before a "Big Storm"?!

SteveTan

SPX price closing to the "equal high" @ 4400.75.. Waiting for the "cat" to catch its "rats/bait".. Coming...Yummy yummy yum yum..

SteveTan

XAUUSD possible just completed wave A (Blue Circled). Control our margin used for long position as we "not sure" which floor levels are for the "base for drop" yet but "ceiling" = Prefer Short.