XAUSUD, Long term view
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Will add more labels after price hits 1200 support
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FLAT and Reverse
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DXY & Gold, negative correlation
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Daily REVISITED
İşlem aktif:
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60min revisted, we reached equal legs and price must close below 123.6% and break upward trendline
İşlem elle kapatılmış
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It seems like we have a FLAT,we might get a new high to finish of seq. Waiting for a return because DXY must correct
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Target
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Target now 1200,
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I missed the the move down, hope it doesn't spike up
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Since we have 5 wave down from the highs to wave (a) blue, zig-zag may be unfolding which will end @$400 which I doubt but we can have a deep correction maybe 78.6 of the move down then correction will be like expanding FLAT
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Weekly,
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D
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H2, last move before we go UP
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UPDATE, Target is now 1170(extended 5th). We have Fibo Cluster of Monthly 61.8 if you look at the chart
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Mistake prev chart,
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2H UPDATE
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REVISED, If we get a strong impulse to 1200 then that would be wave 3(1.618), wave 4 @ 100% and 5th wave at 200%. If price breaks 1240 level the cycle to the downside is over. Current structure looks like ending diagonal
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I also have alt which is in green when price moves in a zigzag
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Proper One, REVIS made mistake and the count on the previous chart.
Breaking ((b)) will mean downside is done and if not breaking then gold might go to level 1130
Breaking ((b)) will mean downside is done and if not breaking then gold might go to level 1130
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Reached the equals of ((a)) / ((b)), are we expecting ending diagonal?
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$1120 is possible then turn
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ROLLING out as ending diagonal, I will not buy Gold until atleast 1125, buy order will be at wave (iv) of ending diagonal
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Been ending cycles pre-maturely,$1110 - $1100 area will be my turning zone but it come slowly
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TARGET 127.2:
İşlem kapandı: hedefe ulaştı:
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Correction time, ABC target between 61.8 - 88.6
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It's motive wave,
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1280 is the target buy now.
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we have a deep correction, structure has reached 100% extension from the highs, market should move 3 wave up
İşlem kapandı: durdurma seviyesi:
I'm out
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UPDATE:
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