Gold waiting for today unemployment claim report. 12/Sept/24XAUUSD having deep correction after "lower" CPI report as sentiment shift to only 0.25 base cut on next week.. which is not "catalytic" enough of for gold's substantial continuous uptrend as gold almost priced in all rate cut expectations now just waiting the amounts and frequent of base cut by THE FED.
Xyz3dtrading
Gold will hit ATH again @ 2568 +/- in next few days?. 11/Sept/24XAUUSD possible forming a leading diagonal pattern = meant hitting ATH again @ 2568 +/- Which is the 1) monthly Pivot / R1 lvl 2) The Upper Resistance Line (red) of the pattern. Long @ 2498 which is 1) The lower Support Line (blue) of the pattern 2) Voulme Profile POC..
Gold's possible support/resistance lvl. 4/Sept/24XAUUSD possible completed its expanding wave (a)(b)(c)(yellow) pattern. P/s We have to be "flexible" and "change" our view not just from e.g T.A / Eliott wave perspective from previous Triangle ideas as it was "invalidated" by "evolving" price as time passed.
SPX. Heavy short after Unemployment Claims News? 22/August/24SPX500 will reach ATH again? Maybe today US Unemployment Claims data will give us an answer? Although US government have "announced" that don't be "shocked/shorted" as this time "the calculation" of US Unemployment Claims is "difference" than before..
Gold. How/Where to short toward 2390 +/-? 22/August/24XAUUSD's price probably will be "shocked" by today US Unemployment Claims, Even US gave early "warning".. Reasons why short at 2520 +/-.? 1) That is equally High Liquidity 2) Trend Line Breakout Liquidity for market maker/stop loss hunter to "grab" $$$...3) AND a fair value gap @ 2520+/-.
Gold. Where to Long toward ATH at 2500 +/-? 16/August/24XAUUSD possible forming an expanding flat (A)(B)(C)(Green) in wave C (yellow circled) of skewed triangle. Price could reach ATH again at 2505 before big drop toward 2310 +/-. 2505 is a confluence zone of :- 1) Upper Trendline (blue) resistance of Parallel Channel 2) Upper Trendline (yellow) Resistance of Skewed Triangle.
Gold. short toward 2310 +/-. 15/August/24XAUUSD trending down after the release of "better" CPI.. But "nobody" "care" WXX the inflation is now..That is "battle" within THE FED and WallStreet. While The FED "enjoying" the High rate, most its Citizens ...For rate cut..ONLY when WallStreet 'crashing" the market then.. The FED..
KLCI index probably start droppingg >10%. 8/August/24KLCI index price probably start dropping -12.41% +/- from this year high toward 1435 +/- for wave (2)(green) before heading toward 2200+/- by year 2026 AND 1435 +/- is a confluence zone of :- 1) Lower Support of trendline / Wedge pattern ( blue highlighted area ) 2) Pitchfork line Support 3) Monthly Demand Zone.