AOrOShin

AOrOShin

My idea is to check the reversal setup around 2076 as a correction and long at the retracement level at 38.2-50% Will I see Gold at 1800 again? OMG

AOrOShin

Hello Traders, Let's have a plan for Interest rate. My opinion is that it will swing down to support level at 1750-1760 area until FED's announcement which could be either up or down.

AOrOShin

RIsing wedge, let's see 1835 could be broken or not. If not broken, buy on dip following Fibonacci Retracement If the price goes higher, follow buy SL 1805

AOrOShin

3x wave (more than 423%) possibly causes 5 failure as truncated zigzag Sell at DBD (50%-61.8% Retracement) Buy at 5 (truncated zigzag) following retracement and go to the moon (I wish) 4 (D1) should be ended!! Too long !! Haha .. I want to see 2100 ;p

AOrOShin

Have a good cup of coffee

AOrOShin

1770-1775 is Right Shoulder for Head and Shoulder Pattern of D1 Timeframe as a cup and handle pattern Invalid level 1757

AOrOShin

Daily resistance is strong and possibly be the continuation of downtrend that Support and Resistance was broken down before Idea: Long TP1: 1765 TP2: 1775 SL: 1730

AOrOShin

Confluence detector 1765 of my previous analysis was lovely for me even it took 2 months but worthy. There is the divergence of H1 and H4 and the price at 1765 touched downtrend channel of D1 and also EMA50 of W1. As long as the price can be over 1800, I expect that there will be Head and Shoulder pattern of TF H4 as figure shown. Thank you for watching : )

AOrOShin

Short when it bounces less than 1922 (80% from 5 to a) but I prefer 61.8% at 1912 (Green horizontal line) Good luck to you all : )

AOrOShin

Dear Friends, If support line 1820 is doing good, wave V is possible to start and you can open long. If it goes to 1765 as my preferable idea of confluence (degree 38.2% correction) before moving to the last wave V, that would be great to open long too! What do you think? Opinions and suggestions are very welcome : )

AOrOShin Updated 

My idea is to open short 1970 area and target to 1765 (TP) which is confluence for Timeframe W1 and H4 and I will open long after that. If this week, it's going up above 1975 (SL), my idea will be wrong because b should not rebound more than 80% of previous wave (2075 and 1863)

AOrOShin

TF MN Gold has completed wave iii of 5 at 2075. The price should retrace 33.3% around 1760-1770 (from 1160 to 2075) before going to wave v of 5. I still have bullish bias after the correction.