GOLD (XAUUSD) 30min - Zigzag up idea

3 Nis 2021

I think we are going to test 1762 - 1790 area with a "zigzag" ABC wave (5,3,5), inside a bigger C or E wave.

So the idea would be to long on the B completition beetween 1713 and 1699 (ideally the best would be around 1706). Below 1699 probably this count is not a valid prediction, so SL can be tight and we will have to look to something else in terms of waves.

Soon i will post an higher timeframe idea of the upper cycle in wich this should be a part.

5 Nis 2021

Not

There is another possibile count that goes up to 60 area without passing for a retest of 710 area that would be ever a zigzag (5 3 5):

5 Nis 2021

Not

This would be my view on higher cycle:

6 Nis 2021

Not

This is going up, but without following my path, so something is wrong into the count of this idea and we have to look for something else.

6 Nis 2021

Not

I'm almost sure that this move is not an impulse of 5 waves up but a multiple corrective move, for example like this: the first ABC hasnt reached the right level so we have doubled. Makes sense. Lets see how will continues.

8 Nis 2021

Not

I think the final destination will be something like this:

8 Nis 2021

İşlem elle kapatılmış

This idea has been abandoned, new one here:

22 Nis 2021

İşlem kapandı: hedefe ulaştı