This idea is for GOLD with ELLIOT WAVES... We have Wave 1 on the 1556 and now on Wave 2 on 1446. Gold can go Lower to 1437 Max on the table and then GO on the Wave 3 to 1600
BTC is very potencional with pattern FALLING WEDGE, and price can go UP to 10.000. Its very possible i think
How we can see on the chart is the Bat pattern with fibonacci is very possibly. When we reched point D, price go formed for Double top and We wait to go down reach O,382 fibonacci and after 0,618 fibonacci. I think is very possibly retest on the 50%. Enjoy!
We can see on the chart beautiful pattern Left shoulder Head Right shoulder (SHS) for bears. With targets and confirmations. For best confirmation is break target 2 neckline!
How we can see on the chart...4H chart show us Triple bottom for Bullish trend and also on the 4H or 1H chart we can see Bullish penannt for up trend. I think price can touch 1.48200 until 1.49600 for long term . And back to trendline
This is my idea for Gold. The end of gold. We seen resistance not breakout and now going down. After breakout support we going to 1473.
I think gold is not over yet. I believe that gold will return to 1500 again. Points 1,2 and 3 have been successfully over. Now expect a point of 4 to $ 1500. Then we can see down point 5 and say goodbye to gold
This is gold and my analysis for XAU/ USD