GOLD (XAUUSD): POTENTIAL LAST LEG DOWN

7 thg 12, 2020

1871 - 1879 might be the death line.

Looking for ABC (5-3-5) completition at 0,618% extension of A-B; if this will fails next stop could be at 1901.

Targets: 1800 and 1740/1725 area.

7 thg 12, 2020

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Closer view:

7 thg 12, 2020

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This is the main idea:

8 thg 12, 2020

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this might be a possibile bull scenario in case the (C) is not yet completed:

8 thg 12, 2020

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The two possibile scenarios: 1840-38 level to watch:

8 thg 12, 2020

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updates: this could be the preferred count
new levels to watch for shorts are: 1888, 1901, 1906

9 thg 12, 2020

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updates:
like i posted this yesterday we may stay inside a wave 2 of 5 up inside the bigger (C), if this is not completed yet.
Otherwise a break below 1838 would be the continuation down

10 thg 12, 2020

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So, we are below 1838 and it looks like is making a first series of 5 down in smaller tf. If this is a wave 1 in the upper count, the final targets will be huge in the downside. Lets see what will happens now:

10 thg 12, 2020

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preferred count at the moment:

11 thg 12, 2020

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Ok guys, if this is the wave 1, this might be the scenario:

11 thg 12, 2020

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So, if 1850 will not breaks before of 1800, i think the sequence might be: 1798, 1855, 167xx

14 thg 12, 2020

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15 thg 12, 2020

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this is a possibile count:

22 thg 12, 2020

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31 thg 12, 2020

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So, after days i'm still watching closely this move up that i think is a corrective and not impulsive. So this might be a valid double 3 waves up in conjunction with a bearish BAT Pattern. So, if the price will break the upper TL of the big triangle (the blu line) at 1905, the arrows would be the points of the potential reverse:

6 thg 1, 2021

Giao dịch được đóng thủ công

This idea continues here: