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Xauusdshort

My Elliotical Approach to XAUUSD Short.Hello traders! 1. We see 5 distinct waves each with their own seperate qualities as clearly mentioned on the chart. 2. We see and ending diagonal in wave v , which was followed by a swift and sharp wave (A). 3. Wave (A) retraced 61.8% which also happens to be a major resistance of the XAUUSD market on the daily tf. 4. Wave (A) also divides in 5 waves which I have not marked on the chart. This is so, because wave 1 and wave 2 of wave (A) seem to have operlapped a bit with wave 2 retracing close to 100% of wave 1 . This can happen in highly leveraged markets. For those who are new to Elliot Wave Theory, wave 2 should not retarce more than 100% of wave 1. 5. Wave B of a correction consists of 3 waves of which 2 waves are impulsive. B is considered elliotically non-tradable . But it components are impulsive and some part of it can definitely be traded. 6. Important resistance and support zones on the chart also point towards reversal of the XAUUSD market. 7. We do have to wait for the formation of wave 1 and wave 2 of (A) wave for confirmation . 8. Definitive targets and invalidation points will come in existence after confirmation. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
OANDA:XAUUSDShort
by UnknownUnicorn27677748
2
XAUUSD Pre-Prediction till 1st March 2022As per my calculations and previous chart history, I am going short but with tight stop loss according to my risk management and I will set a buy stop in that case.. All main points are also projected on the chart... Please do your own research before taking any decision of trading in this volatile market... Local Support @1920.079 and Sell Stop @1929 with TP1 @1916 TP2 @1910 TP3 @1904 TP4 @1900 Alternatively Local Resistance @1933.028 - 1936 if broken then TP1 @1938 TP2 @1945 TP3 @1953 Major Resistance @1949.039 If broken then this analysis would be invalid
OANDA:XAUUSDShort
by ForexTrader4all
XAUUSD 15M PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
OANDA:XAUUSDShort
by Azif123
My Elliotical Approach to XAUUSD Short. Hello traders! 1. I see a clear 5 wave impulsive structure and then a correction to 88.6% Fib . This is important as most 2nd waves tend to move till 78.6% to 88.6% Fib. 2. We also have a confirmation of a double top candle pattern in 30min tf. 3. The expected target can reach 161% of wave 1 and 2 after using trend based Fib extension. This is because most 3rd waves tend to go till 161% of wave 1. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
OANDA:XAUUSDShort
by UnknownUnicorn27677748