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21/09/22 - Gold (XAUUSD) First Short then 1798 - by RT_Trading_Hi Traders, I'm happy to provide you a new trading idea according to Gold (XAUUSD). First of all I want you to inform about the upcoming FOMC event that is going to have major impacts on the Stock and Commodity Markets. Therefore I suggest you to avoid the risk of being on the wrong side of the Market and stay out until the release of the FOMC minutes. Nonetheless, here is my latest idea about Gold: Gold is currently moving in a ABC Elliot-Wave formation which occurs in corrective patterns. Those corrective patterns can happen in Wave 2, 4 or ABC itself after 5 Impulsive waves. I assume, that we are currently in Wave 1 of larger Wave 3. This is why I expect a deeper correction. Not always, but often it is the case that wave 2 retraces at least 50% of the previous move. I measured the extension of possible Wave C impact using Fibonacci-Extensions. This gives me relevant impacts at C = A and C = 1.618 of A. Those areas are highlighted in grey. I'm confident that we will see a big reaction on those areas - This is why I'm have multiple buying orders at those areas calling for #1798 next. Day Traders can use those targets and open shorts in-between. Anyways, I suggest to be safe, stay calm, place those buy orders and wait how the Market responds to FOMC. Let me know what you think! This is no Financial Advise. RL from RT_Trading_
OANDA:XAUUSDLong
by RT_Trading_
2
21/09/20 - Gold (XAUUSD) Still holding my longs - by RT_Trading_Hi Traders, As you can see, gold has found its way back to my entry. I honestly did not expect such a deep correction of the inner wave 2. However, that does not mean that a 90% correction of wave 2 is not possible. As we have not made a new low, I am confident that we will hit new highs above the 1767 level in the coming week. Why am I sticking to my bullish count? 1. The Double-Zig-Zag WXY consists of three waves each. 2. Wave Y corresponds to an 1.618 extension. From this point on, sell orders were triggered. C can extend a maximum of 1,618. 3. Wave 5 of C corresponds to an extension of 2,618. All of these points only let me infer the bullish count. I think Monday should tell us whether I'm right or not. If my SL will be hit, my count is due anyway and we are definitely in wave 4 or already in wave 5 of C, which would invalidate my analysis. If this is the case , I will provide you with a new analysis that will reflect the optimal entry point for wave 1. I wish you all the best for the coming week. If you have any questions, feel free to write us a DM. We are happy to answer them. This is not financial advice. RL from RT_Trading
OANDA:XAUUSDLong
by RT_Trading_
21/09/17 Gold (XAUUSD) - Daily Outlook - by RT-TradingDear Traders, As expected in my previous analysis, gold is receiving support in the zones I have identified. Based on my wave count, I assume that wave C is done correcting , which is why I now assume an impulsive bullish wave. This wave was confirmed for me when the area around 50% (which was also my entry), was pushed off. This tells me that inner wave 2 has finished correcting which means we are now in wave 3. The question now is where wave 3 will end . I have marked you gray areas here. I assume that wave 3 will target at least the area around 1772, which corresponds to an extension of 1.618 or, in the best case, the area around 1786, which corresponds to an extension of 2.618. I am very confident that we will see the area around 1772. As always, I'm looking forward to your feedback! Raffa from RT-Trading
OANDA:XAUUSDLong
by RT_Trading_
2
21/09/16 XAUUSD - EW-Outlook by RT-Trading My bullish Elliot Waves Outlook on Gold: Gold suffered a strong sell-off today September 16th due to technical issues. As we can see, gold has undergone an unprecedented ABC correction that I assume will stop in the areas highlighted in gray. I remain very confident that gold will gain tremendous bullish momentum in the coming weeks. Hence my statement: See this sale as an enormous opportunity. Be critical on this drop, pay attention to the technical pattern and react accordingly. Keep in mind: After 5 impulsive waves that lead to major wave one, there always follow 3 correction waves that lead to major wave two. Wave two reacts at least 50% of wave one. We landed exactly on this level. Therefore I assume the bullish trend to continue from the highlighted areas. Please leave me your opinion. Raffa from RT
OANDA:XAUUSDLong
by RT_Trading_
3
Gold pointing towards 1965 $Dear traders, I'm happy to show you my update on the gold price. Gold has finally managed to break out of the down-trend of the last few months. Whether Jerome Powell's speech was the catalyst for it is, in my opinion, debatable, since I saw this outbreak come apart from this catalyst. So where are we? The price of gold closed at around $ 1,817. With the opening on Monday, I expect further buying impulses from the Asian stock exchange, which should catapult us towards the $ 1830 mark. Many will expect strong resistance at this point - however, I think that we should break this area after a short accumulation phase. As soon as the stops above this range at around $ 1840 are triggered, the way towards $ 1965 should be paved in the form of strong impulses. How do I get my final goal of $ 1965? Since waves 1 and 3 are of the same length, I assume that wave 5 is extended at the 162% Fibonacci level. The result is $ 1965 and can be determined with the help of Fibacci timeframes, which gives us an impact around September-October. Let me know what you think. Piece, Raffa
OANDA:XAUUSDLong
by RaffaeleL
12
ETH 2.0 The Next Bitcoin 🚀 !Ethereum’s growth is attributed to an increasing number of developers building decentralized finance (DeFi) applications on the Ethereum blockchain platform. The rise of non-fungible tokens (NFT) also increases demand for Ethereum. Lastly, continued institutional interest in treating crypto like any other security also helps ETH. Coinbase is the new NYSE. ETH is No. 2 on Coinbase after Bitcoin. Seeing how the DeFi and NFT movements are directly connected to Ethereum, their increased activity has been the main driver for ETH prices in 2021, says Andrew Moss, GSR Capital’s managing director. “Users need ETH to interact with these technologies, so the more people who are involved with these communities and protocols, the higher the value of ETH goes,” he says. Where is ETH going? Judging by the current momentum of the cryptocurrency space and the increased interest in Ethereum, “our price target may easily be overtaken,” Grigorov said in an email correspondence. “More investors and developers are discovering ETH or moving onto the platform in search of a more robust, stable and secure investment vehicle.” For newcomers to the cryptocurrency market and its “companies”, Ethereum is a platform where developers can build apps favoring the easy creation of other alternative coins. An altcoin is basically any cryptocurrency other than Bitcoin, so ETH is an alt. Ethereum is the name of the underlying blockchain technology or network, while Ether (ETH) is the digital currency that powers the platform. “Ethereum can be described as ‘the open source’ platform of cryptocurrency, just like Google’s GOOG -0.3% Play Store or Apple’s AAPL -1.6% App Store,” Grigorov says. Just like in Bitcoin’s blockchain, each Ethereum transaction is confirmed when the nodes (participants) on the network reach a mutual consensus that this particular transaction took place and they are rewarded in ETH for their work, through a process known as mining. Mining can be easily described as solving/computing a complex algorithm in order to prove the authenticity of previous transactions on the network. “As an investor, one of my top list cryptocurrencies to buy is definitely ETH,” Grigorov says. “The upgrade to ETH 2.0 should spur more growth and give investors massive benefits.” That’s Ethereum. The update to the Ethereum network, known as the Ethereum Improvement Proposal 1559, introduces a base fee to Ethereum transaction fees, something all users are required to pay when they send a transaction. This proposal introduces a “burn” which – simply put – would allow for coins to be “burnt” or eliminated, thus reducing supply. I won’t pretend to understand all the computer technicals, but ETH 2.0 is looked at as a positive upgrade to the network, and therefore good for investors. “If we're still bullish by the end of the year, I'd say ETH would be closer to the $10,000,” thinks Ioannis Giannaros, Co-founder of Wyre, a cross-border payment API using blockchain technology based in San Francisco. “If we're in a bear market, we'll see lows back in the $1,400’s,” he says. Danial Daychopan, CEO and founder of London-based DeFi firm Plutus says there’s been a lot of “fear of missing out” when it comes to Ethereum. Investor inboxes have been flooded with something akin to “Ethereum moon” calls all month. “FOMO has played a big part, but a lot of this is driven, too, by the rush of smart money and thousands of developers around the world buying ETH,” he says. “Developers need ETH to pay for building their applications on the Ethereum network. Think of it as a toll fee, where the biggest computer in the world charges you tolls for using its immutable cloud servers and verifying every transaction you make on it.” The crypto investing story is the perfect get-rich quick scheme. It’s those specialty lose weight or gain muscle diets that never work; it’s the YouTuber selling you his stock picks from his Ferrari driver seat. But if we assume crypto is a fad, trending to $0, the opportunity cost for thinking that way is through the roof. Everyone recognizes this... If you invested a measly $100 in ETH in December 2015, you’d have over $125,000 today. Only those who believe in flying rainbow unicorns think they will ever make 125,000% on ETH again. Besides, they would likely sell if was up 100%. But true believers think they have a chance at 10,000% gains in five years. And why wouldn’t they? Look at what these coins have done so far. If ETH does reverse this week, there will be buyers on the other end, thinking the long game. Unless you believe the long-term result is the Ethereum blockchain being centralized, and everything associated with it becomes worthless. “If you’re an investor, just know there are at thousands of crypto losers out there,” says Daychopan. “Crypto has matured a lot, but it’s still the Wild West of investing. There are meme coins and projects that are there simply to take your money. Do your own research, invest in the future, but be patience and follow the smart money. The results will be in your favor if you do that.” Credit :Kenneth Rapoza Ridethemacro
BITSTAMP:ETHUSDLong
by Ridethemacro