gold price analysis

1 Haz 2020

Since March 17, gold has been in a process of market manipulation, leaving us with good entry areas and key signals. As of May 18, 2020, Elliot's impulse wave formation begins with beautiful harmonic patterns and after finishing the cycle of (1-2-3-4-5) with good results, the wave process started corrective (Corrective point "A" exceeds "level" 4 "of the" impulse wave "), in theory, the movement of the corrective point" B "should reach the level of the elliot impulse wave" 3 "(support) and therefore the expected input will be between the fibonacci area 0.5 (marked from the beginning of the corrective wave to point "A") and the support point formed by elliot "3". * RSI should continue to show convergences With the price, the volume of contracts traded must be higher than the "3-4-5-A" point, * There MUST be price zone rejections directed against the uptrend (with two rejection candles within range of the zone ) if these criteria are met, we will say that having a safe contribution with profit taking will be a fibonacci level of [-0.27.]