Its been a quite long correction (2W) for the gold here and we can expect the bullish trend to continue for the gold as the bears (who were correcting the trend) are starting to lose interest. if the price will break above the support line of 1835. and retest. we can expect to see a long bullish trend on the gold. Good luck!
Well, the bears has successfully beat the bulls as the uptrend has been broken. Now the bears are in full control of the GOLD as they are bringing their Gold back to their support zone around 1910's. Good luck!
Ah! Its been a tough rally here for the gold between bulls and bears where, bulls tries to overtake bears at around 1954 and 1960, to escape the uptrend channel. However, bears showed a little overpowered by the bulls as there is formation of the uptrend. Moreover, on the lower timeframe 15M the bears will win and bring back Gold onto channel. Therefore act...
We can clearly see back up asset (Gold), keep updating its buying power by forming higher highs and higher low to form new high and new low. We can expect new higher high towards 2060's to 2070's with RR of 1:4.
Goodluck!
As the bulls are trying to withhold their buying power at support level B~D, however, they will be soon out-performed by the bears and they will take over control for the USDCAD. We will expect the price to drop further upon the ending of the 2nd week to the 3rd week of trading February.
Remember, to use appropriate Risk-Reward Ratio. Good luck!
lets look for the the retest on the second leg upon our new resistance zone. Lets wait for the confirmation candles ( multiple wick rejection or indecisive candle) for an bearing entry
As of Elliott Wave Concern, sterling with Franc (GBPCHF) together they are going to form the third wave structure of an impulse wave as we are approaching the end of third quarter of the year and entering the final quarter of 2021.
GOODLUCK!
The market has completed five Elliott waves as of 0.6290. If it can obey Elliott wave principle, then we can expect to have a three waves corrective pattern, before continues with its uptrend.
Lets keep any eye on the pair, Good luck!
As we are approaching the end of August, we expect a small retracement of GOLD towards 1800's and in the beginning of September, It will continue with its Upward movement approaching 1900's.
As of Elliott Wave Analysis, i can clearly see that AUDEUR has completed its 3rd Wave (Impulse) and Enters into 4th Wave (Correction wave), for the next week, towards 23.8% of Wave 3, and then the uptrend will continue toward completing the 5th waves structure. lets not jump into trade unless we have a confirmed entry and exists of a trade. Good luck!
