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E-wave

GOLD, will CPI news confirm the downtrend?Hello everyone, after a predicted pullback from 1980 area Gold reached it's highest point at 2088 and turned bearish again. To be honest I didn't expect the move to extend so high, but these things can happen. Finally it's likely that Gold topped out wave B at 2088 and started wave C with the main target at 1920. So far nothing new (check my latest analysis). How will CPI news effect Gold tomorrow? There is no clear answer to this question, as we have to observe the next move of the dollar, which started a slight counter trend. If it will break over the local resistances formed within the last days, Gold will fall further. Important levels for Gold Resistance area: 2040 - 2050 Support areas: 2000 - 2010 and 1970 - 1980 Elliot wave analysis If wave C started at 2088, we probably have seen most of the first wave down, which you can see in red on the chart. I don't see an impulsive decline, so this scenario is quiet likely. The exact position for the subwave count are always hard to figure out, so please look for confirmation before you make a trade. Trade idea Sell 2032-2040 with TP 2010 and SL 2051 Buy 2000-2010 with TP 2030 and SL 1998
FOREXCOM:XAUUSDShort
by Kyrean
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NASDAQ:TSLA
by LeoinP
2
Bitcoin New Bullish Cycle IncomingHey, its Dalin. When we look at stocks during the internet bubble crash of 2003 they appear to make the same structure as many cryptos today. Bitcoin is just one example of this. We see the same pattern with Uniswap and many others. We can utilize this cycle and position ourselves properly for the next wave. A new cycle could send it to un-imaginable prices. Lets make sure we take advantage of this opportunity! - Dalin Anderson
BINANCE:BTCUSDLong
by High_Altitude_Investing
1