Gold EW waves and ABCD
The key support position is 1244. If it has strong support. Gold will go to the D position(wave 3 of big EW, wave 5 of small EW).
The key support position is 1244. If it has strong support. Gold will go to the D position(wave 3 of big EW, wave 5 of small EW).
Kommentera:
Let's see if 1240 will hold or not for the bulls.
Kommentera:
If the EW drawing is correct, I would expect a spike up around 1240.
Kommentera:
If 1240 area cannot hold, it will be bearish and the next target is 1228.
Kommentera:
1244 seems to be holding
Kommentera:
1244 will not hold, need to check the support around 1240.
Order avbruten:
1240 area is breached. Next target is 1228 area.
Kommentera:
If closing above 1244, there is still a hope for the bull trend.
Handel aktiv:
Wahaha... Bull Trend confirmed.
Kommentera:
1244 area will be re-tested for confirming the bull trend and for more bulls to join
Kommentera:
Looks bearish to me.
Kommentera:
If gold shoots up like yesterday, double bottom support would confirm the bullish trend.
Kommentera:
good, long pin. And the gold bears have reached their target.
Trade stängt manuellt:
It's a bear trend. Target 1228.
Handel aktiv:
I don't know what to say, gold is full of surprise.
Kommentera:
Let's see if close price can be 1244 or not. Still looks bearish.
Trade stängt manuellt:
Bull is done for now. Let's the support at 122x area.