The wave we traced is defined as
A=680
B=1920
C=1044
Therefore, our targets if Au makes a new all time high are:
N=2284
V=2796
E=3160
with a projected resistance at:
NT=1408
You can see we are well above the projected resistance, now gold only needs to continue its climb and make a new all time high in order for these targets to be in play. I will make a subsequent post taking a closer look at what has been developing more recently. For now, this is the overarching picture. Time theory markings have been added and I may make a post focusing more on that as well.
A=680
B=1920
C=1044
Therefore, our targets if Au makes a new all time high are:
N=2284
V=2796
E=3160
with a projected resistance at:
NT=1408
You can see we are well above the projected resistance, now gold only needs to continue its climb and make a new all time high in order for these targets to be in play. I will make a subsequent post taking a closer look at what has been developing more recently. For now, this is the overarching picture. Time theory markings have been added and I may make a post focusing more on that as well.
Trade active
Gold has passed B, meaning the targets are in play.Note
Several entire candle bodies have formed above the B line.A large one has carried us close to our first target, the N line.
Note
We have hit target NTrade closed: target reached
We have hit and surpassed both targets V and E. XAUUSD sits at $3234.955 as of this update. It's been a fun decade so far.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.