samuelkken

samuelkken

according to Elliott Wave theory, wave 4 ends between 38.2 to 50 % fibo, channeling is also important to determine trend reversal and continuation, in this case of Gold, wave 4 might have completed @ $1805.13, breaking of the upper channel is a secondary confirmation, now Gold is expected to continue higher towards $2,000 ++

samuelkken

An ABC pattern is expected to complete at the box below which will provide an opportunity to go long

samuelkken

we expect more selling on this pair, from the daily TF down to 1hr, and for the past 2 months USDJPY has been buying strongly, it is logical that the price will correct to the zone of 38.2-50% fibo level, watch out

04:49

samuelkken

according to Elliott wave strategy, after wave 4, comes wave 5, and wave 5 is expected to complete between $88-89

samuelkken

Silver has just completed a zigzag correction, and we are about to see it go long, once it closes above where I market buy level, we will likely see the price go up towards $23-$23.5

samuelkken

what have just concluded now is an expanding triangle, and if my assumption is correct, gold will go up

06:59

samuelkken

trying to complete wave c of B before the wave c of C

samuelkken

expect the correction to continue towards $127.2 and $125.8

04:23

samuelkken

EURJPY, from D1, it is obvious we have an incomplete sequence, selling not yet over

10:31

samuelkken

my view based on Elliott Wave analysis suggests that we will still see another swing high on DXY and another swing low on EURUSD, just as explained in the video

samuelkken

I am of the opinion that gold will still sell down to $1760 before the 5th wave starts

samuelkken

looking for a short opportunity

samuelkken

Based on Elliott Wave theory, the current bullish move is unfolding as ending diagonal which will soon complete, then a 3 waves structure sell will start

samuelkken

lower timeframe suggest selling for the meantime

samuelkken

daily, 4 hr and 1hr are all pointing south

samuelkken

gold is expected to make a new high, but conservative traders have to wait for the break of the urrent high

samuelkken

wave C down is in the making

samuelkken

selling down to wave 4 is expected after the current wave B pull back