XAUUSD D1 Have We Reached A Top!
Updated
D1 We have signs of bearish divergence but divergence doesn't mean the end of the trend.
H4 We have no divergence in a wave Y up so I can't rule out the Z to complete the structure and give us the bearish divergence on the H4.
H1 We have bearish divergence and the bearish convergence so I'm waiting for the retracement to trade the C wave down, if were lucky it falls over from here. If we get a nice retracement and nice sell setup it's important to take these sell setup's because were at a high. You can also look to sell the bear flag for the short scalp but the safest trade is to wait for the retracement then waiting for your sell setup.
D1 Wave Z Up, checkout my last gold idea to get up to speed thanks.
W1 Long Term Outlook, checkout the idea to see the big picture thanks.
Good luck and trade safe!
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H4 We have no divergence in a wave Y up so I can't rule out the Z to complete the structure and give us the bearish divergence on the H4.
H1 We have bearish divergence and the bearish convergence so I'm waiting for the retracement to trade the C wave down, if were lucky it falls over from here. If we get a nice retracement and nice sell setup it's important to take these sell setup's because were at a high. You can also look to sell the bear flag for the short scalp but the safest trade is to wait for the retracement then waiting for your sell setup.
D1 Wave Z Up, checkout my last gold idea to get up to speed thanks.
W1 Long Term Outlook, checkout the idea to see the big picture thanks.
Good luck and trade safe!
If you like this idea hit the thumbs up to show your appreciation for this free analysis, You seen these counts and analysis here first!
Thank's to all the traders in advance that hit the thumbs for your support!
Note
Gold H1 breaking tl and getting macd cross down Note
H1 We have broken the low of wave A so it's time to move to BE 1st targeting the 100fibNote
H1 Caution!! Idea, check it out to get up to speed thanks.
Note
H4 Internal C Wave Down (H1 Chart), checkout the latest idea to get up to speed thanks.
Note
H4 Wave C Down (H1 Chart) Update, checkout the latest idea to get up to speed thanks.
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