ehsan_alrawi

ehsan_alrawi

See the chart

ehsan_alrawi

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ehsan_alrawi

In chart

ehsan_alrawi

in the chart

ehsan_alrawi

See the chart

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ehsan_alrawi

The appearance of small hesitating candles at the end of each impulsive signal can be the start of a corrective signal, but here its initial limit is the upper trend line (Red)

ehsan_alrawi

When you see correction wave (blue), moves 61% of the previous impulsive wave (Red), specially if that happen more that one time, you can feel that the correction wave direction may dominate soon. I' am worry only about the new lower low. Wait and see.. Note: Healthy trend has impulsive signals much longer than corrective signals, and trend weakness starts when...

ehsan_alrawi

Gold is facing a high support area (about 1275). Support area consists of : 1. The main trend line (Red). 2. EMA (200) (Blue Curve) 3. Fibo Retracement of 38% (Not drawn to keep chart simple) In my opinion we should wait till we out of this area. If price breaks down this area we expect the down trend to continue. But if price moves up, we expect the price limit...