GOLD is still in bearish mode due to strong downtrend parralel channel. Find for Continuation setup for short position or WAIT the price to breake the parralel channel for longs
This is just an analysist based on SNR Level only. Thank me later if this works
Double BOS Occured Along The Year. Price Is Adapting to new zone. Inverted Quasimodo Level Price Around 1770 - 1750 would be the KIV Zone Target level at 1.618 level around 2070 zone (3000 pips)
Estimated to be confirmed in 12 months period, mybe dropping at July 2022. Wait for confirmation inside zone. Risk at your own
Gold is going to breake all time Hi again. As we can see, Monthly candle had broken the significant Resistance and Leaves the mark Bullish Engulfing inside the 1700's zone. It's also a breakout setup named "SNRC1". Best of luck! Wait for price action confirmation before entry. Entry at your risk, capital preservation is the best :D
I'm new in eliott wave analysist. This is my idea on 4hrs chart on USDCAD do comment to improve my wave counting thanks.
Impulsive (Up) Green Impulsice (Down) Yellow Corrective (Sideways)
Support - Blue - Bottom Resistance - Red - Top RBS - Purple - Middle