Gold analysis by Zing Bravo 27 DEC 2022
Updated
Gold
Hi Traders, I have done my analysis for Gold using Elliott wave theory. So there will be 2 guideline for gold.
_____________________________________________________________________________________________________
Guideline I:
Degree#1 M: wave 4
(if ended)
Degree#2 W: wave x/1
(exp. flat)
Degree#3 D: wave c
(if ended)
Degree#3 D: wave Z
Degree#4 4H: wave A
Traded Idea:
4H: Sell at 61.8 @ of previous wave
_____________________________________________________________________________________________________
Guideline II:
Degree#1 M: wave 4
(if ended)
Degree#2 W: wave 1
(if ended)
Degree#3 D: wave 2
Trade Idea:
wait for corrective to Buy in wave 2 toward wave 3 (degree#3)
In the Analysis, Price will be separated in difference degrees and Time Frame. And we use Demand Supply Zone for trade set up. If you have any question, free to leave any question.
If you would like further information for analysis, feel free to follow my fan page "Zing Bravo" Thank you
Hi Traders, I have done my analysis for Gold using Elliott wave theory. So there will be 2 guideline for gold.
_____________________________________________________________________________________________________
Guideline I:
Degree#1 M: wave 4
(if ended)
Degree#2 W: wave x/1
(exp. flat)
Degree#3 D: wave c
(if ended)
Degree#3 D: wave Z
Degree#4 4H: wave A
Traded Idea:
4H: Sell at 61.8 @ of previous wave
_____________________________________________________________________________________________________
Guideline II:
Degree#1 M: wave 4
(if ended)
Degree#2 W: wave 1
(if ended)
Degree#3 D: wave 2
Trade Idea:
wait for corrective to Buy in wave 2 toward wave 3 (degree#3)
In the Analysis, Price will be separated in difference degrees and Time Frame. And we use Demand Supply Zone for trade set up. If you have any question, free to leave any question.
If you would like further information for analysis, feel free to follow my fan page "Zing Bravo" Thank you
Comment
now, move stop loss level to lock profit, congratulation for Profit. Now wait for price to reach target profit at 1782.Trade closed: target reached
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.