What is the target of gold? Check idea.Yes, let's see what the trend of the market is.
We see that the market is running exactly as it was yesterday because neither the market has yet broken the support at 1816 nor the resistance at 1830.
Seeing that the market is currently at 1823, we believe the market will go up a bit.
If the market fails to break the 1830 resistance, then it will come down again, and our targets for today are 1806 and 1790. If the market breaks the 1830 resistance, then our next resistance is 1835, and we hope that the market will definitely come down from there and meet our target, which is 1806 or 1790.
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Waveanalyses
Bitcoin: And off we go! 🚀Over the past few hours, Bitcoin has held the 61.80% retracement level of $27 374 within the turquoise target zone (coordinates: $28 157 & $25 590), and has even managed to bounce slightly higher from it. Accordingly, our primary count remains fully intact and we continue to assume that the cryptocurrency is currently working on the sub-waves of the turquoise wave [(ii). Next, we expect the price to surpass the resistance level at $31 875. This move should allow the cryptocurrency to gain further momentum and progress within the blue wave (iii). . Although the probability of our alternative has been significantly reduced recently, this secondary scenario remains relevant. There is a 30% chance that Bitcoin could move slightly lower and drop into the green Target Zone between $24 085 and $21 001. However, even in this event, sustainable gains would be expected afterwards.
Gold Next Target: $1790.00? Check idea We have seen that the price has been going down continuously for the last several days, and yesterday gold reached $1820.00, which has pulled back a bit and is running up to $1826.00.
Our resistance is 1830 if it crosses it next.
Our resistance is 1835; we expect gold to bounce back from 1835 and come down; and our target is $1816, $1809, and $1790.00.
Apart from this, we also have news that will be released at 2 PM according to UK time, which can also affect the market, so keep watching the latest news, and our target is 1816, 1809, and 1790.
We have resistance at 1830, 1835, and 1845, and also support at 1825, 1816, and 1809.
We believe that if the market closes below 1816 and breaks the 1816 support, our next targets are 1809 and 1790.
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Avalanche: Already done?! 🤔Avalanche has recently experienced a renewed rise, which has ended in the last few hours. We have to admit that the price has approached our magenta target zone (coordinates: $9.03 - $5.62), thus fulfilling the (minimum) technical requirement for this move; however, until the price convinces us of a final backed low of wave (2) in yellow with further clear rallies, we still have to assume that it will go a bit deeper into our zone. Ideally, we see the price approaching the lower violet trendline here, but of course, it can use the entire target zone to complete the reversal. In turn, traders can use the zone to enter long positions.
See our analysis of what the next target for gold isHello everyone, We hope you guys are having a great weekend.
We have seen over the past several days that gold has been consistently down since 1947, when it was back, and has been consistently down, never going up.
When the market closed on Friday, gold was running at 1848, while 1846 is a very strong support.
We think that gold will pull back from here and go between 1874 and 1878 because 1879 is a very strong resistance.
Again, gold will come down, and our target is 1830.
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Copper: A little further 🤏The price of copper is now falling further and further after initially rising on Thursday. This development is in line with our primary scenario as we expect the low of the magenta wave (x) to be a bit lower in the turquoise target zone between $3.59 and $3.51. Only when it's placed, the price can rise above the resistance at $4.19 and build wave (B) in magenta. A drop to the green target zone between $3.08 and $2.59 should follow from this point.
AMD: Here we go! 🎢Over the past few weeks, AMD stock has again visited lower levels below the 61.80% retracement in the turquoise target zone between $106.39 and $91.87. However, as of this week, the stock has been moving decisively higher, and we now believe that the bottom of the turquoise wave B has been completed. As a result, the price should now be in the turquoise wave C, which will take it higher. First, the resistance at $133.75 should be breached, ensuring further upside momentum. After that, the rise should continue significantly. The green target area between $152.04 and $190.39 is where we expect this wave's completion and, thus, the end of superior wave b in gray.
Again Gold Sell Target? check idea Hello Everyone, As we have seen for the last several days, gold has been going down continuously, and yesterday it went up to 1857.
After that, there was a slight pullback, and it went up. Now that gold is running in 1874 or 1875, we are hopeful.
Gold will go back between 1875 and 1878, or back between 1885 and 1888, after which our next target is 1855.
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today Again gold sell? Check idea Hello Everyone, As we have seen for the last several days, gold has been going down continuously, and yesterday it went up to 1857.
After that, there was a slight pullback, and it went up. Now that gold is running in 1874 or 1875, we are hopeful.
Gold will go back between 1876 and 1879, or back between 1885 and 1888, after which our next target is 1855.
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Activision Blizzard: Woke up 🌞After trading sideways for the past several weeks, Activision Blizzard stock has risen since the end of last week, reaching resistance at $94.30. In our primary scenario, the next step is to break above this level, which should provide further upward pressure. Note, however, that with our downside alternative at 36%, it is still possible that the price will see another sell-off. This scenario would come into play when the price breaks below support at $86.81. It would then have to push the low of the turquoise wave alt.X down a bit more before it would move higher
Walgreens Boots Alliance: Pedogenesis🌱 The price of Walgreens stock is currently approaching the area where we expect the low of the superior white wave (II). This should lead to a reversal soon. With the low in place, the stock can then rise above the resistance at $31.32. Traders should only keep an eye on the alternative (40%) which expects another decline after the high of the magenta wave alt.(X) below resistance.
Gold Next Target 1922 or 1929? check IdeaYesterday we saw that when the market broke below 1916, the market went down further, and we met our target of 1903.
After that, the market went down further, and now the market is running at 1895, which is our buy zone from 1895 to 1890.
We expect the market to go higher from here, and our target is 1910 or 1916. If the market fails to break the 1916 resistance, the market will go lower, and then 1900, 1890, or 1880 if the market breaks the 1916 resistance.
So the market will go higher, and the target is 1922, 1929, or 1946.
1895–1890 is our buy zone.
If gold breaks the 1890 support, it will go further down and may reach 1886 or 1880.
If it breaks both of these supports further, the next target is 1870 for gold.
Gold Target 1903: Still Available? Check AnalysisAs we mentioned in our previous analysis that our next target is 1903. Already our three targets 1928, 1923 and 1916 have been hit.
Because we believe that if the market breaks the 1929 resistance, the next targets are 1936 and 1945, and if the market breaks the 1916 support, our next targets are 1908 and 1903.
If the market breaks the resistance of 1929 and goes up, then the market will back up between 1936 or 1938 or go up between 1945 and 1947 and the target is still the same as 1903.
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Now, gold goes up? or Still 1903 Target AvailableAs we said in one of our analyses yesterday, if the market breaks 1916, then the market will go down further. We saw that the market actually went down, and now the market has pulled back a bit and is up to 1916.
We expect the market to go lower now and meet our target of 1903.
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Aurora: Electrified ⚡Aurora continues its electrifying trajectory. The price dipped further into its inactive target zone during the last trading week and is now visibly striving to resume the primarily expected uptrend. These efforts should soon yield bullish results. Aurora’s next target, the resistance at C$1.59, lies approximately 60% away. This resistance must be surpassed to grant wave (1) in magenta, its well-deserved peak a bit higher. An intermediate correction is expected to pull the price back slightly.
Disney: Bears are back! 🐻After an optimistic start to the first half of September, the Disney share price has been dragged lower. This development is in line with our expectations, as the price should fall to the green target zone between $73.84 and $54.04 in order to place the low of the green wave (II) there. Only then should there be a rebound that can be capitalised on with long positions opened in the green zone. An alternative would be for the price to break above the resistance at $103.77. In this case, which we give a 34% probability, the low would be the one already placed with green wave alt.(ii)
Wheat: Harvest time is coming soon! 🌾🚜The price of wheat is currently moving very much in line with our expectations and will soon reach our turquoise target zone between USX 560.60 and 531.10, where the low of the magenta wave (b) is expected. Then we should finally see a reversal and a broad-based rise to USX 807.25. Should the price fall below this zone, we would not change our scenario significantly, but would only expect a move further towards the magenta target zone.
Ebay: Tug of War 🪢The Ebay share is currently experiencing a tug of war between bears and bulls. In our primary scenario, the bears should prevail and push the price to the green target zone between $37.48 and $29.58 as part of the green wave . Having placed the low, the price can then rise above the resistance at $52.23.
Lam Research: Back in the Saddle! 🏇LRCX is moving south again in line with our primary expectation. The price should now fall below the support at $299.59 with its gray wave c until it ends in the white target zone between $279.57 and $156.62, thus completing the superior white wave (II). Our alternative on the upside has lost some probability but remains in place with a chance of 38%. This scenario predicts an overshooting wave alt.b in gray on a break above the resistance at $726.53 before the price moves lower, as in our primary expectation.
Cocoa: On a diet 🚫🍫With the recent surge in cocoa prices, we’ve observed the completion of the white wave d as forecasted in our primary scenario. Given this development, our projections suggest an impending decline characterized by a magenta five-part wave, targeting $2900. Nonetheless, it's essential to consider a 40% probability that the price might reach a slightly higher peak before initiating the expected descent
Broadcom: Gather momentum! 💪Broadcom stock is in a downtrend, but we believe this is part of the current substructure that should end soon. The turquoise five-part move should still reach around $1040 in the long term.
However, it is essential to remember that the stock would fall further if it breaks below the support at $812, which we consider 36% probable.
WTI: Unstoppable 🚀WTI is riding a robust bullish wave, propelling it to its highest levels in 10 months. In our analysis, we anticipate that, to complete the blue wave , it must surpass the resistance at $93.74. Subsequently, a noteworthy descent is in the cards. It’s essential to note that a dip below $73.89, though with a 38% probability in our estimation, signifies a further decline within the green wave alt. .
Occidental Petroleum: The Bulls are back! 🐂In the Occidental Petroleum chart, bulls have displayed renewed strength since early September, which needs to be sustained. The turquoise wave B is expected to reach higher, stopping just shy of the $77.13 resistance level. Following this peak, substantial declines are anticipated, potentially dropping below $54.35. Should the price manage to break above the resistance, though we deem it only 34% likely, it would overshoot the turquoise wave alt.B. However, this doesn't alter the bearish outlook that follows.