Gold Spot / U.S. Dollar
Long
Updated

relaxed discussion on Gold

155
daily

first off. this is a chill post, im not gonna tryhard in this analysis and be succinct as possible.\

* my chart is hella detailed (more than 70 drawings), so i simplified into this. (still same just more simple.)
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1. structurally gold is bullish for now.

2. green trendline on the high of (1) BOS (break of structure) the internal structure or trend (same thing) of (3), anyway measuring the difference between the BOS of high of (1) and high of (3) using the blue box I've drawn is a 6 percent, gain. this huge difference. between the low and high indicates the trend is really strong. conversely, a small difference in gain between high's would indicate low strength, on the technical side.

3. (3) was very swift so the correction or retracement (4) should be small in time construct.

4. (2) 6 candles retracement (4) 3 . valid

5. (4) retraced 23 percent, valid

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1hr chart
snapshot

1. yeaa
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anywayy more importantly.


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Hellena_Trade u use EW what do u think?

Note
daily chart. i messed up the one above cause emojis

snapshot
Note
more bigger picture

snapshot
Note
the 1hr alternative

snapshot

price is forming a leading diagnoal with a lower maximum retracements (ultimately still long).)

obviously dont trades with my ideas but like it can inform your chart analysis.
Note
the previous 1hr analysis and this alternative (2) are equally likely to unfold.

Trade closed manually
no more posts this is hella boring *like why*. my idea is still active although for now. unless invalid point is reached.

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