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XAUUSD "GOLD" Sets to Resume Wave 5 RallyGold has been making an impulsive advance since August 2018. According to Elliot Wave Theory, a five-wave move is known as an impulsive wave and sets the direction of the major trend. Gold seems to have completed wave 4 corrective pattern, as the correction terminated at upper boundary channel that connects wave 1-2 extends to the high of wave 1. The level also lined up with 38.2 Fibonacci retracement of wave 3 advance. Breaking down to lower timeframe: The price made a five-wave impulse in wave (i) from the 1446.07 area, and subsequent corrective move is an a-b-c expanded flat pattern in wave (ii). The correction also terminated at critical support circa comprising of 61.8 Fibonacci retracement, 1.236 extension of wave a of flat, and wave c support trendline. If this count is correct, Gold should resume higher from or near the current level, the breach of 1473.08 will confirm that wave (ii) has really bottomed. And if price trade below the invalidation level on the chart, I will need to review the analysis. What's your thought about Gold? Kindly let me know in the comment. Thanks, Veejahbee.
FX_IDC:XAUUSDLong
by Veejahbee
2
XAUUSD: Potential expanding/running flat suggests long entryIn the past couple of sessions, price dipped from $1514 to $1450 and is now suggesting either a regular or expanding flat (this is confirmed by price pushing below the previous low). At current levels, price is now forming an ending diagonal sequence this usually indicates reversal. We also have divergence on the RSI to support the ending diagonal reversal. However, a long entry has not yet been confirmed. It is therefore important to wait for confirmation.
FX_IDC:XAUUSDLong
by UnknownUnicorn5158708
Triangle Pattern Set up XAUUSD (GOLD) For a Potential RallyGold (XAUSUD) seems to have completed a contracting triangle corrective pattern in wave (4) as indicated by the wave structure of the sideways price action in September and October and by the converging trendlines that connected the extremes of waves (a), (b), (c), (d) and (e). According to Elliot Wave Theory, once a correction is completed, the price resumes in the direction of the major trend, which is bullish in this case. So a potential rally is highly probable in Gold in the weeks ahead, and the projected target is 61.8 Fibonacci extension (blue area) on the chart. TIP: The best entry guideline for Triangle is to wait for the price to break the extreme of wave (d) of the pattern and then placing the protective stop at the extreme of wave (e). Best of luck on the chart! Veejahbee.
FX_IDC:XAUUSDLong
by Veejahbee
5
Gold - Next Leg Up - $1650This is a follow up note for our weekly US$Gold chart posted on the 22 Oct'19. Daily charts indicate gold has rested enough and looks set to resume its upward trend to the next major Fibonacci Retracement level. The Trend is Your Friend! This message contains privileged and confidential information intended only for the use of the addressee named above. Any review, re-transmission, dissemination, copying, disclosure or other use of, or taking of any action in reliance upon, this information by person or entities other than the intended recipient is prohibited. The views and opinions expressed in this message are those of the individual sender of this message and do not necessarily represent the views and opinions of the Sharenet Group of Companies. Consequently, the Sharenet Group of Companies does not accept responsibility for such views and opinions and this message should not be read as representing the views and opinions of the Sharenet Group of Companies without subsequent written confirmation. Each page attached hereto must also be read in conjunction with this disclaimer. Confidentiality note: This message is intended for the addressee only. If you are not the intended recipient of this message, you are notified that any distribution, use of or copying of this communication is strictly prohibited. If you have received the communication in error, please notify the sender immediately. The Sharenet Group of companies are authorised financial services providers. Sharenet Wealth (FSP#41688) and Sharenet Securities (FSP#28430).
TVC:GOLDLong
by Giuseppe_Sharenet
GOLD - BUY Nowyou can see whenever the price come to upwards you can see the both Fibonacci retracement, once price crossed the 0.382 fibo level in first image it was reached the 0.5, 0.618 and 0.786 fibo levels. And you can see the 2nd image also price crossed the 0.382 fibo level and towards to 0.5 fibo level. There is another thing after couple of days 200EMA has been crossed as well. so with all confirmation Better to buy gold. Note: Trade at your own risk. twitter.com www.facebook.com www.instagram.com
OANDA:XAUUSDLong
by TuanMSallay
GOLD - BUY Now whenever the gold up trend start from this square area and once its crossed the 0.618 fibo level its its gone up and trend continue till 1517 which is near to 1 fibo level. And now same scenario has began that gold will go up to 1520. Note: Trade at your own risk. We are providing free forex signals. You can join clicking below telegram link or comment your telegram username we will add you there. Join with us for free signals Telegram - t.me Facebook - www.facebook.com Twitter - twitter.com Website - www.forexcaction.com
OANDA:XAUUSDLong
by Forexcation-Investing-lk
GOLD - Buy NowYes its correct buy gold and hold... Middle bollinger band is crossing the 50 EMA shows us a bullish movement. if you can see the chart has formed in invert head and shoulder pattern also which is a bullish movement. RSI line is retrace the from 50 level as well. Hold your gold and enjoy the profit. TP's and SL is up to you. Note: Trade at your own risk and fundamentals are not involved in this analysis. Like us and comment on us. Share your ideas. turningpointfx.com
OANDA:XAUUSDLong
by TuanMSallay
Gold Dip Buy, Where I'm TradingGold has just broken free of a 6 year solid accumulation trading range. After advancing solidly for some time now, we are pulling back to retest the top / resistance area of the 6 year trading range. Heavy volume is expected as traders of all types; institutions, professionals, retail etc look to re-enter the market at areas of strong historic institutional activity. My bias is overwhelmingly long for the near term. The areas indicated as 'Points of Entry' on the chart are positions where I am looking the the market to pullback and demand to push the market up. ( XAUUSD - Wyckoff Technical Analysis )
FX:XAUUSD
by Price_Action_Setups