On daily view, Gold has completed a gartley Bullish with a clean 0.618 retracement of the AB Leg. I'm expecting some PA on this level ($1243/1244) while targeting $1288. Catching the upper boundary of the rising channel to complete a classic AB=CD, with D point at 1$342 may be difficult but nothing is impossible in trading, especially with gold. Obviously, If...
Short 1287.5, Target 1243$ for bullish Gartley
Hi, Gold has maybe find support with a pullback on its MA20. A wedge could be drawn in daily view with 1333$ target completing two bearish patterns (AB=CD and Butterfly) Long @1261 TP 1 -> $1283 TP 2 -> $1300 TP 3 -> $1333
Hi, Above, some harmonic patterns that i often look for (bullish ones) These patterns, when identified, have a good risk/reward ratio. They allow traders to enter into the market with minimal risk. Obviously, you need some other confirmations before taking the trade on the pattern completion. If the point D occurs with some divergence on classic oscillators (RSI...
According to previous idea (without reach the expecting short target for 2 bucks), i'm expecting a 50% retracement of the big impulse wave started in december 2015. Gold could complete a weekly 5-0 bullish pattern and a daily bullish butterfly.
Gold has completed a nice Gartley Bullish, confirmed by a bat bullish last Friday. Despite a close below 1223$, important weekly level, the close at 1222 is too shy by bears. H4 oscillators (RSI / Sto) give momentum for a move to the north. The 1267$ zone could be reached next week to complete a Cypher bearish pattern. If this level is reached, i will short to...
I'm Looking for 1165$ for April and to reach this price, i suggest above a likely HP sequence to complete the weekly bullish pattern (see previous idea below) Need a lot of confirmation though.
Targeting 1210$ for gartley bullish. Invert AB=CD on 1272$ and still a butterfly bearish in action since the top at 1284$.
As mentionned in my previous ideas, i'm always expecting that gold can reach $1282/85 zone to complete a shark bearish and catch the 0.618 fib from XA leg. If $1282/85 is hit, gold could begin its correction to 1165$ zone towards a 5-0 bullish pattern and bounce on TL again (like it did when it reaches $1190). In all cases, my view will remain bullish this year...
Gold is drawing an ascending wedge. I'm expecting a BO of this wedge to complete a Cypher bullish pattern on 1207/1210$ then a pullback on the wedge combined with a 0.618 retracement. First target the lower TL of the wedge. I keep this scenario as long as prices are rejected by 1260$.
As long as demand zone is holding (1259/12261), gold is ranging. Long 1262$ with first TP at 0.618 fib, previous structure / Support / resistance. Need to be retest. TP2 1276 TP3 1285
I'm still waiting 1285$ to short Gold. According to time, if gold respects the 2 previous bullish wave, It should remain 4 days to make a top in the market. 1285$ is 0.618 retracement from 1433 -> 1047$ Finally, gold could complete a shark bearish pattern (1281$), see related ideas below. 1223$ support for next week.
Parabolic rise for this month. Looking For 1285$ for the end of the month. Shark Bearish at 1281$ / Retracement 0.618 from 1433 (2013 august top) to 1046$. 1162$ support.
Time between previous major bottom (october 2008) and last week was done in 377 weeks (Fibo Number). A 3 drive bullish pattern was completed on july 2015. Level always saved in weekly closing. Psychological level at 100. Yellow trendline as target.
The previous structure maybe testing again with a completion of a likely bearish pattern ( gartley ). PRZ between 440$ / 443$. While kijun is intact (350$), midterm trend should be bullish . Update status
Weekly AB=CD. Fibo time A to D in 89 weeks. Target correction 121 Bearish at 1223$
To trade the plan to $1162/1166 (see related ideas below). If price drops to $1088 in the first H4 candle on sunday opening, i will buy the gartley Bullish. Prices are supported and rejected by the boudaries of a uptrend channel. First Target if conditions are filled, would be 1128$, then retest of previous structure and the ressitance became support on $ 1106