RaffaeleL

RaffaeleL

Dear traders, I'm happy to show you my update on the gold price. Gold has finally managed to break out of the down-trend of the last few months. Whether Jerome Powell's speech was the catalyst for it is, in my opinion, debatable, since I saw this outbreak come apart from this catalyst. So where are we? The price of gold closed at around $ 1,817. With the opening...

RaffaeleL

Hey Guys, as always: My Elliot Wave Count plus all other informations affirming my thesis are attached on the Chart.

RaffaeleL

Hey Guys, as always: Everything relevant is attached on my Chart. I expect some bearish downside pressure by beginning of the Week, followed by a strong move up.

RaffaeleL

Hey Guys, everything relevant is attached on the Chart. I use Elliot Waves, Fibonacci Levels and Fibonacci Timeframe.

RaffaeleL

Hey Guys, according to my Elliot-Wave Count Gold is in a bullish Cycle. I'm confident that Wave 2's correction is over since every possible Parameter in Time and Length of each wave fits perfectly with my Bias. Therefore I doubt we will see the 179x Zone again or any more deeper downside. I engaged my Long at 1793. If we are in inner wave 1 now we should see a...

RaffaeleL

Hey Guys, everything relevant is attached on the Chart. Check it out, let me know what you think. Greetings, Raffa

RaffaeleL

Hey Guys, I am engaging my long entry for Silver as I have been watching this triangle forming up as Wave 2 (corrective Wave) for many months now. In my Opinion this will be one of the best possible entries to catch up the next bull run that is coming on Silver. Fundamentally we have been seen a lot of pressure with the last weeks FED-Meetings and their...

RaffaeleL Updated 

Hey Guys, out latest Forecast played out perfectly where we reached out first target of 1831 points. I expect the bullish momentum to continue before we see a serious sell-off on this pair. That said I am expecting 1851 within the next 2 Sessions. Take care & good luck! Raffa

RaffaeleL Updated 

Hey Folks, As you can see from my chart, I use the EW-theory to forecast. In the case of gold, I assume that the correction has ended after the sharp rise of the last few days. This is an extended flat correction in which the required parameters have been perfectly confirmed. In fact, I assumed such a correction in advance because the momentum was heavily on the...

RaffaeleL

Hey guys :) - like always: Everything attached on the Chart. Have a nice day!

RaffaeleL

Golden Cross in nough said

RaffaeleL

Everything attached on the Chart ;D

RaffaeleL

Hey guys, as always: everything relevant is attached on the Chart. I'm looking for a possible bottom here to hold my longs mid-long term, as I can see possible signs of a reversal. We bounced off the 70% Fibonacci Retracement at 1750 yesterday, which is likely to be the bottom of wave 2. Anyways I'm not excluding another leg down to 1729 which will be the best...

RaffaeleL

Hey Guys, everything relevant as always attached on the Chart. Have fun & good luck Traders

RaffaeleL

Hey Guys, Chart speaks for itself. Have fun!

RaffaeleL

Hi Guys, today I want to discuss a bullish scenario on Gold. As you can see we are moving in a corrective Pattern. This is likely to occur in a position prior to the final actionary wave of one larger degree as wave 4 in an impulse. This looks similar to the pattern that occurred in Silver in Year 1976, where wave 4 was a 9-wave triangle followed by a bullish...

RaffaeleL

Hi Guys, based on yesterdays turbulent FOMC session I'm going to updated my Idea on Gold. As you can see on the attached Chart I assume that we ended wave 5 of the EW-Theorie. This seems legit to me as I assume an extended wave 3, so wave 1 and 5 have to be similar. Also the fact, that we touched the top of the short-time uptrend enforces my theory that wave 5...

RaffaeleL Updated 

Hi everyone! As you can see we are currently in the correction wave b. Due to the bullish indicator on the hourly MACD, I assume that wave a has already corrected. I also strongly assume that we are dealing with a bull flat with regard to the correction. Everything points to the fact that today or early next week we will reach the area around $ 1,855, where I'll...