Ralph Nelson Elliott developed the Elliott Wave Theory in the 1930s . 1 Elliott believed that stock markets, generally thought to behave in a somewhat random and chaotic manner, in fact, traded in repetitive patterns. KEY TAKEAWAYS 1. The Elliott Wave Theory is a form of technical analysis that looks for recurrent long-term price patterns related to persistent...
As NFP news early this moth made a rally or impulse to the downside in OANDA:XAUUSD , now we enter in a corrective phase to fill the vast ineficiency created by this news. As we enter this corrective phase, perfect buy zones are 1760 - 1750, and in particular 1756.5. I suspect that the corrective phase will last 25 - 35 days. Is perfect moment to activate EAs...
As I said last weeks since March 21..after 4 months in which all my analyzes about GOLD were almost perfect, even though I had many objections and many messages of disapproval ... as I said GOLD went down even below the 1774 area and now it is at the Fibonacci level 0.5 from where I expect it to reject and rise again towards 1836 and from there DOWN AGAIN to...
waiting for 4hr candle close above @ 1792 we go to buy target 4hr reversal close below @ 1764 we go to sell target will be @1704
Due to the formation of a symmetrical triangle pattern we may expect a breakout in a few hours or days. The chances of breaking out to the upper side is high but there are equal chances for a breakout to the downside
Trading Signal: A Trading Signal is seen in the Gold XAUUSD Traders can open their Sell Trades NOW ⬇️Sell on uptrend breakout or Sell on 1797.47 ⭕️SL @ 1811.66 🔵TP1 @ 1768.56 🔵TP2 @ 1752.00 🔵TP3 @ 1733.58 If you liked our ideas, please support us with your likes 👍 and comments.
Gold is in strong downtrend and can clearly see more big red candles than the green ones which suggests the price has tendency to go lower. We already had a Pullback at 1795.36 and the second Pullback might happen again which would make a double top at 1795.36, but if it doesn't happen we expect the price to go lower to at least 1743.16 Have a Profitable...
Gold is showing some reversal pattern for retesting 1840. As per the chart, we can see that gold was following a perfect uptrend and now its reversal shows that it will retest 1840 and go for the long target (day time frame). It took reversal by two very powerful chart reversal patterns named shooting star with confirmation & Bearish Engulfing pattern for...
gold still in the trendline of up trend....broken the cup and handle of monthly chart..now retest position...next week it may continue its uptrend wait for confirmation...
Trading Signal: A Trading Signal is seen in the XAUUSD Gold Traders can open their Sell Trades NOW ⬇️Sell on 1865.35 ⭕️SL @ 1874. 01 🔵TP1 @ 1851.61 🔵TP2 @ 1844.31 🔵TP3 @ 1828.5 If you liked our ideas, please support us with your likes 👍 and comments.
The Decreasing Momentum and Rising Inflation. Gold is Expected to be Down Today. (June, 15, 2021) The Rising Inflation is the killer for Gold Price Action Momentum. This is the Reason of Depletion of Momentum. Traders are in Extremely Fear Sentiment. The Current Momentum is suitable for Scalp Traders. Currently t the Time of Writing Price Action...
Gold forecast for the week. Gold Has currently swept some liquidity on the daily. Daily is a large sell range which it has just broken today to make a new low around $1842. We have filled some imbalance on the higher time frames and we could see a pullback into $1800 before making another leg up. to new highs? However short term price action, i believe in the...