expecting wave c of 4 to move to at least 38.2 of wave 3. hence after the forming of wave c of 4, we are going to short gold
You can safely short Gold EUR. The set up is pretty much text book.
Gold seems to boom in crisis. But its not inflation what drives the bulls in gold. it's the loss in confidence in fiat.
Gold is unable to make any highs, the bulls are still weak. Shorting gold will give us an opportunity to tap into liquidity in the 1717 area. Use proper money management.
CONFLUENCES: - Respected downward trend - rejection candles in 4hr - Rejection of daily EMA - Rejection of78% fib level - Forecasting strength in DXY
Watching gold to enter a short position @1780 or @1800 if possible, 1800 is a bigger resistance. Let me know what you guys think.
Daily Suplly And Revers Qm Pattern And Sell in pullback Divergent In H1
After hitting the midline of the canal to breathe, re-ascent to around 1800 and 1797 and ascent to 1865
I know this will be controversial but I have noticed that there's a series of cups and spikes in this chart. The top of each cup always forms at approx 350% and each spike goes no more than 650%. We seemed to have reached the top at 650%. The bottom of the cups are always formed at approx 172% from the previous bottom of the cup. Looks like there may be a double...
Short Gold, It will not go beyond this level. Use proper money management Targets as low as 1740
The Gartley pattern is the most common harmonic chart pattern. Harmonic patterns operate on the premise that Fibonacci sequences can be used to build geometric structures, such as breakouts and retracements, in prices. The Fibonacci ratio is common in nature and has become a popular area of focus among technical analysts that use tools like Fibonacci retracements,...
Head and shoulders formation. Right shoulder is forming, due for a mid week reversal after completing last weeks market cycle.
1695 looks very promising coming into asian session as we are loosing buying strength at this current resistance level Looking to short GOLD as we come into the open of Asia if the opportunity presents itself Targeting Daily Low when we look left, key levels are exactly what I look for when trading gold! 1:4 RR
Gold keeps on a downtrend from the following days, - If it gains enough momentum it might retrace back to 1906.104 . The downtrend can be broken if the prices crosses the retracement line, starting a possible uptrend; - The price is currently trying to break the support level at 1755.061 . If the support is broken, our target might be 1687.075 . - There is a...
Gold is approaching 1793 area. Great opportunity to short. Target 1788 Use proper money management. Tight stops as always