mamnunamalik

mamnunamalik Updated 

I only trade through Elliot Wave and these are my findings. 1. 1st wave was in extension with total of 21 moves 2. 2nd wave was a Flat correction and retrace the 23.60% of 1st wave 3. 3rd wave was extensive with total of 9 moves 4. 4th wave was a Zig-Zag correction and also retrace the 23.60% of 3rd wave which makes both 2nd wave and 4th wave similar in nature of...

mamnunamalik

If you are following my previous post then you know that Gold is in 5th wave. This is how price should react now. Check my previous 2 posts then you can understand the movement.

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Gold is in 5th wave and ready to make all time high. But currently the price is in a strong supply zone. Lets see how price reacts from this zone.

mamnunamalik Updated 

Dear Traders, Price is making the last wave of 5. Which will be the last impulse before a major correction. Minimum ceiling is 2208.xxx and maximum is 2272.xxx

mamnunamalik Updated 

According to wave theory it represents the Triple Correction Pattern (WXYXZ) First Flat then Zigzag and now again a Flat correction is forming. If this wave calculation is legit then ''Z'' should fall to minimum of 61.8% (2132.574) and maximum (2083.494)

mamnunamalik

Hey my beloved traders. We have been in a good bull run in this precious metal but we are seeing rejection from 2195 level because in weekly chart GOLD is making an ending diagonal. In Ending diagonal all the 5 waves are consisted of 3 moves which I mentioned as "ABC" You can clearly see all the waves 1/2/3/4 had moved with 3 moves and now price is making the...

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Dear Traders, According to 4 hours chart a flat correction is completed perfectly. Now we need to watch and observe gold how it reacts. If price starts to move ahead then the next stop will be at 2055 and if it breaks then 2086.

mamnunamalik Updated 

Rejection from any of the fibo level can lead the price to 1980 but the rejection has to be happened after forming ABC formation.

mamnunamalik

I can clearly see a 12345 formation has completed of correction "A" with ending diagonal. Price will retrace now and make "B" then we will see an impulse "C" My plan is to sell GOLD from 2029-2032 zone and my first target will be Fibonacci 38.20%, second target will be 61.80% and last will be 81.20%

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Fundamental Importance: NFP and Unemployment Rate will play a key role today as in previous FOMC Press Conference the FED Powell told that he was not looking for March Rate Cut but this could be changed if the labor market became cool. Yesterday Labor Market data came negative and we all saw how Gold market reacted after that. So today's NFP and UR...

mamnunamalik

According to wave theory I am stick with my plan and my trade is active on buy side. Wave theory indicating me that price has completed its 4th wave in a triangle pattern. A triangle pattern is a formation of 3-3-3-3-3 (ABCDE)

mamnunamalik Updated 

I don't need much explanation on my GOLD analysis. My last three analysis were spot on. Buy GOLD at these level ... Level 1: 1965-1980 Level 2: 1931-1946 Remember after every impulse there is a correction phase. All you need to wait patiently to complete the correction and then boom .... See you later.

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As far we can see Gold is in correction since last of December. Price is actually forming a triangle pattern, in fact it has done the formation. Break out of any side can happen because of this symmetrical triangle pattern. What we can expect .... 1. If price breaks upwards then we are going to see new all time high and starts of 5th wave which will be...

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Hi traders, According to wave analysis I have described before in my educational post that Gold is in flat correction. A possible move to 2048-2055 is possible and then a fall towards 1980 zone and completes its flat correction ABC.

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Dear traders, I have decided that I will share all of my trades that I will take base on 15 minutes chart. I will share everyday buy or sell signal here. I don't run any telegram group or any paid service. If I can make millions from here then I will do this along with you. Just keep trust in yourself that you can make it. Lets go.... A new journey with all of you.

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What happens with Gold? So many questions are heading me that is why I am posting this. Gold is moving in a range, this trading is a scam, market makers are manipulating, liquidity sweep blah blah blah. If you have knowledge on Flat Correction then you will understand properly why this price movement is like this and it is an awesome wave to make profits. In...

mamnunamalik Updated 

Price is in form of correction phase ABC after completing 12345 This correction is in Zig-Zag Pattern, neither Flat or Triangle. Conditions of Zig-Zag Pattern: 1. "A" must have 12345 waves inside of it. 2. "B" must not retrace more than 61.80% 3. "C" should reach the Extension of 161.80% and even if it reach the 100% extension then we can find A=C So far...

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As from my previous gold daily chart analysis, I mentioned a zigzag correction was going on and it is indeed still going. Currently price is in Impulse C which many of us considering downtrend of GOLD but it is not. Gold is still in uptrend and after this completion of zigzag pattern it is going to a new all time high. So what's next after today's big news...