symmetrical triangle falling market Elliot wave caught from E to close. looking for 1823 bounce. hunting for a new long. There is wiggle room for more low but bias continues strong for a retest - looking to see how it reacts coming back up to 1960 levels. Short term long, long term long.
July's break of the weekly range since September 2018 saw a new ATH for gold. Bear slammed down to test weekly range at 1865 zone and it was respected magnificently, strong signs for bull continuation at this level. Below 1823 would invalidate the break upwards and see gold scuba-diving for a new low support. Strong signals from my end for phoenix flying to new...
Remaining bias bull. Lots of news coming up could get shaky but bull bias remains strong. High demand of physical. Virus and world in fear. Shattered economy's and investors looking for safe heaven. New high's have been made, panic buy will come in, shorts will get swallowed and push price higher. Time will tell! good luck. Ideas are not gospel
What a strong month for silver. gold staying around 1900 levels will keep silver near 23. ATH for gold just a step away. Retrace at 22.2, 21.5, 21.0 all possible. Long term bull, short term unbiased. Wiggle room here but holding longs regardless. good luck Ideas are not gospel
sitting on 0.618 zone. looks like its ready to retrace. 3rd time hit this resistance now. No reason for it to push through ... tp1 green tp 2 pink
zn+1 = zn2 + c monthly view Fibonacci 50% Fractal growth repeated in all time frames looking to retest 1900 high point from 2011 check comments for zoomed in analysis
Weekly close was sat at the top of range (14th april - present). Currently sat in a short term upward trend (8th June - present) and upp half of regression trend (18th May - present). A break and hold above these trends could be a potential phoenix bull rising up. Holding above 1778 opens the gate to test previous highs - from here 1900 is in mind. A break and...
C&H completed starting from 2011. Looking to catch FIB extension.
Two possible routes for gold. Trusting a salmon is like flipping a coin. Be ready for heads or tails.
Daily chart seems to be mapping out a similar cup and handle shaped pattern as it previously displayed between november and december 2019. The fibonacci levels are being respected as they were before. This will be one to watch, I shall see how it reacts at the green support zone and update from there.
the green arrows and red arrows show two possible routes for gold to travel whilst up against the recent swing high on the 7th jan Just a salmon, do not take my ideas as gospel
Been seeing lots of Fib levels respected this week on gold in the smaller time frames. lets see if it continues. 1561 became repeated resistance following 10th Jan bounce at the same level. just a salmon, don't take my opinion for gospel.
USD/JPY has recently closed on a major resistance level, indicating that there will be a break or bounce around this area. The most recent daily candle is in the form of a 'shooting star' which indicates a bear reversal from the recent bullish trend from the 6th-9th January. This candlestick pattern along with the initial bounce at the resistance area indicates...
We can see here a lovely head and shoulders forming on daily chart showing a potential drop equal to the neckline as drawn out on chart. TP will be set at 1431, should see over the next few weeks. This is just a pattern analysis, do not take my words for gospel.
Here we can see a nice cup and handle forming. stages 1-4 have been complete with 1 at the initial wave downwards followed by stage 2-3 seeing the levelling and the mirrored wave back upwards to initial value. Stage 4 marks the form of the handle and we have seen a beautiful rest at 0.382 on our Fibonacci levels indicating a bull rise back up to complete stage 5...
Here we can see the formation and execution of a perfect head and shoulders form with a negative drop. The drop exceeded the neckline and mirrored the initial rise as seen opposite the drop in previous weeks.
Whilst remaining in a bullish pattern XAUUSD seems to not be able to break the previous highs. A small trend reversal seems imminent to 1278 at which it will meet slight resistance. Keep in mind that XAUUSD is able to fall to 1260 to remain in an overall bullish trend on monthly view. However, for now a re-trace seems inevitable. 'Bear' in mind this is a simple...