© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M The broader context suggests that the iv-purple wave may have concluded, and the v-purple wave may be ready to push higher. In the short term, the outlook indicates that the iv-purple wave unfolded as a Flat correction and has ended. The v-purple wave may now be unfolding to push higher. In the short...
Daily reversal candle after a breakdown on a daily chart. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
an understanding of my trading style, trading of reactions with more reactions
if Sustain above 2339.1 to 2341.6 then 2346.2 then 2350.9 to 2357.7 strong level then 2362.4 to 2369.2 above this bullish if Sustain Below 2328.1 then 2324.1 to 2323.2 then 2316.4 below this bearish then around 2300.2 Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer - I am not a SEBI...
Precious Metals have softened recently after continued liquidation, stop-loss selling, and de-grossing pushed Gold futures down to a value zone of $2300/oz on the June futures contract. Since then, bargain hunters have stepped in, driving futures $30 off their lows. The potential for a strong recovery in gold is on the horizon, especially if miners strengthen and...
Been a while, Ill be getting back i the mix, didnt see a set up yesterday I liked for Technical Tuesday, heres what I like today.
Good Evening and I hope you are well. Gold comment: Tough spot to trade imo. Different time frames tell different stories here. Daily had a big reversal and closed above the 20ema. 4h says it’s a small pullback from a potential W1 of a bear trend and on the 1h chart we could argue that market formed a nice double bottom and we trade back to the weekly high...
Gold reversal is in reversal pattern. Head and shoulder chart pattern is in place.
Bias is tentatively Bullish. Continues to make HLs, but no HHs, in a tight range. Price is close to filling in the big wick the prev. week. Looking to see if the PWH is raided early in the week. If so, I expect price to go from External ->Internal, down the the W FVG/+OB area from there. But price may need to rebalance the +FVG before moving higher. Waiting...
Don't think #GOLD is done by any means. HOWEVER....... Sold some positions around the date of bearish engulfing. As of today the precious metal is still @ that price level. We missed a lil more upside but it wasn't much oi the whole scheme of things. #SILVER shows same exact signs except the Bearish Engulfing. AMEX:GLD AMEX:SLV
Gold is rejected from 72834 and this fall is fast then closed below 72353.. Fall up to 72225 is possible
Gold (June) / Silver (May) Gold, yesterday’s close: Settled at 2388.4, down 19.4 Silver, yesterday’s close: Settled at 28.40, down 0.024 Gold has traded fairly constructive on the week given Friday’s sharp reversal but the overhead supply resulting from this reversal is apparent at major three-star resistance at 2404.3-2408.5 and 2412.9-2414.8. A close...
if Sustain above 2389 then 2395 to 2399 or 2401 above this more bullish then 2412 then 2417 to 2418 then 2424 if Sustain Below 2389 then 2381 then 2378 to 2376 then 2366 below this bearish then 2354 then 2348 to 2343 below this more bearish Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer...
COMEX:GC1! "Believe me, the reward is not so gr8 without the struggle." -Wilma Rudolph Good Afternoon HOUSE, I hope we all are in gr8 spirits ready to start the week... As we all know Price has been Bullish on GOLD....Breaking NEW RECORD HIGH'S... Now that the Market has left us a beautiful 30/15m Supply Zone can we SHORT this level and push the market...
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
4.17.24 The video was on the long side but I showed you the details of how I would look at a trading opportunity for those two markets using the tools that I talk about. The idea is to find the best entry and to get in when the market's not likely to stop you out with a small stop. this is what it looks like for these two markets right now. If you trade you will...
Technical Momentum Strengthens Gold Futures hit an all-time high in 2024 at $2,448 on the June futures contract on April 12. Futures remain firmly above the rising 50-day Moving average at $2,184 and well above the 200-day Moving Average at $2,072. The technical perspective shows momentum studies accelerating, with the 9-day moving average gaining momentum above...
if Sustain above 2413 then 2418 to 2422 then 2428 to 2432 then 2437 then 2442 above this bullish if Sustain Below 2395 then 2390 then 2384 to 2381 below this bearish then 2376 to 2373 then 2367 to 2364 below this more bearish Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer - I am not a...