Interplay of Carney's "Failed Wave" and Elliott Wave Analysis
Introduction:
Is this another Gold trap? As we've observed, there have been several traps in this range, all triggered by harmonic patterns. Here we are facing another potential bearish setup. A breakout at $2,162 could signal a strong bullish trend, but there might be room for pause. Let's take...
Gold wants to make a similar Movement like the Main wave 2 ( Flat Correction ), I tried to show you the end of the Main wave 4 in my Chart, and probably it will happen at my TRZ (Time Reversal Zone).
Where is the end of main wave 4 ❗️❓
🎯 Target 🎯: 1680$ until 1650$
Where is the end of main wave 5 ❗️❓
🎯 Target 🎯: 2263$ until 2230$
...
KOG Report:
In last weeks KOG report we said we would be looking for two trades, either a long from support levels or a short from resistance levels if they took it up. We suggested keeping an eye on the 2010-15 resistance as we expected a reaction in price there, and if broken we would be looking at the 2030-35 region as a target point. During the week, we...
Hey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We had a nice Bullish week last week clearing all our Bullish Targets.
We are now seeing price test resistance at 2058 with ema5 with a candle body close above the level leaving a big gap to 2081.
However, we would need to see ema5 cross above this level to solidify the...
What a bullish week for Gold.
The market closed approaching the ALL TIME HIGH!
Here is your plan for next week.
Bullish scenario:
if the price breaks and closes above 2074 on a weekly,
it will confirm the strength of the bulls one more time.
A bullish rally will push the prices to 2200 then.
Bearish scenario:
The market may drop from ATH as it happened 2...
Here is my detailed analysis for Gold.
As you can see, the market is trading in a strong bullish trend.
The price is steadily growing within a rising parallel channel.
After the price reached its resistance, it started to consolidate within
a narrow horizontal range on a 4H.
We are expecting a PMI report and Powell speech later on today.
Depending on the...
Gold entered the All Time High territory on heated overbought technicals on the 1D timeframe (RSI = 73.661, MACD = 29.580, ADX = 38.098) so far coming only a fraction away from hitting the May 4th 2023 ATH. Practically this is a Resistance line that formed long term tops and rejected the price another two times, on March 8th 2022 and August 7th 2020. The least...
Hey Everyone,
What a PIPTASTIC finish to the week completing our full idea hitting 2066 AXIS target to seal the week, which was our last target on this chart.
As stated throughout the week, when chasing targets all the way to the top its safer to take them from dips, as per our plans and Goldturns and we did exactly that riding buys from every dip allowing us to...
Multiple time frame analysis for Gold.
Daily/4h/1h outlook.
Price action.
Key levels.
Bearish forecast explained.
❤️Please, support this video with like and comment!❤️
Gold was and remains strongly bullish after the market opening.
The price violated a key daily horizontal resistance and closed above that.
The broken structure turned into a strong support.
The next goal for the buyers will be 2033 resistance.
We can anticipate growth.
❤️Please, support my work with like, thank you!❤️
Hey Everyone,
Another fantastic day of trading for us with our chart idea playing out to perfection!!
Following on from yesterday, our cross and lock above 2010 confirmed 2018 and 2032. Both these targets are now hit - BOOOM!!
We had plenty of time of get in for this movement, as the weighted level lock confirmed the breakout in advance.
We now need to see...
Hey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
Last week after the Bullish run we saw price range between the Goldturn structure.
We were able to buy dips from support and take profit on our Goldturn resistance levels.
We now have a bullish target at 2010 and a cross of ema5 above 2010 will open the upper range.
We have...
Gold prices continue their positive trend for the fourth consecutive day, nearing a multi-month peak. The belief that the Federal Reserve has completed interest rate hikes and is initiating policy easing in 2024 remains supportive. From a technical perspective, the overnight breakthrough above the horizontal resistance at $2,008-$2,010 is considered a new catalyst...
Gold is trading inside a Channel Up on the 4H timeframe since the Nov 12th low. Stable bullish technical outlook on 4H (RSI = 66.543, MACD = 8.550, ADX = 30.155), which calls for an extension of the current price action which is at the bottom of the Channel Up currently, to a new HH. We aim at a +1.96% rise (symmetrical with previous bullish legs), TP =...
Hey Everyone,
Piptastic start to the week for us with our chart idea playing out from the get go.
Yesterday we advised of our immediate Bullish target of 2010 and that a cross of ema5 above 2010 will open the upper range. The first part of this plan was completed today with our 2010 target hit with a bonus hit at 2018 clearing both targets.
We now have 2032...
Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
In today's analysis, let's discuss the recent surge in gold. Have we seen this before or is it dejavu? In light of the recent fears...
