Gold | Short | Elliott Wave Theory | Jeremy Wagner
Longer term top may have formed in gold earlier this week. We sent an alert to subscribers on Tues May 19 with a full analysis and entry points with risk.
The up trend since 2015 is a double zigzag pattern labeled w-x-y. I can count the minimum waves in place at the May 19 high. A lot of harmony is found within the w-x-y waves and subwaves.
Prices are sitting on top of the 78.6% retracement level so this is the retracement of last resort. Silver is at a resistance level too.
Let the market dictate if the top is in by falling below support levels as that will be the trigger into a longer term trade.
According to the Elliott Wave analysis, I'm looking for an eventual fall below $1,000 for the price of gold. This will have an effect on GLD too.
The up trend since 2015 is a double zigzag pattern labeled w-x-y. I can count the minimum waves in place at the May 19 high. A lot of harmony is found within the w-x-y waves and subwaves.
Prices are sitting on top of the 78.6% retracement level so this is the retracement of last resort. Silver is at a resistance level too.
Let the market dictate if the top is in by falling below support levels as that will be the trigger into a longer term trade.
According to the Elliott Wave analysis, I'm looking for an eventual fall below $1,000 for the price of gold. This will have an effect on GLD too.
Are you ready to learn Elliott Wave? Take our Free Elliott Wave Readiness Assessment: bit.ly/EWreadinessquiz2
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Are you ready to learn Elliott Wave? Take our Free Elliott Wave Readiness Assessment: bit.ly/EWreadinessquiz2
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.