Xyz3dtrading
Well-well-well! FED have Changed the sentiment of Gold?! 17/6/21With the completion of impulsive move of leading diagonal wave (A)( cyan/light blue) ... Gold seem like moving toward corrective wave (B)(cyan/light blue) where price could reach at around 1740 where there will be 1) Major Demand Zone 2)Support of Weekly Up trend line 3) The "Big" handle of the "Big Cp" in weekly/monthly chart..
Currently Gold Price are trending downward to complete wave A (yellow). where price of gold could reach at around 1790. 1) Minor Demand Zone 2)Daily 200EMA Support Zone...
GOLD long around 1852, Tp ≈ 1960. 15 June 21GOLD indeed forming a double three complex wave pattern as previous post on .. And most likely completed its leading diagonal pattern which is Wave (A) (cyan/light blue)..Wave (B)(Cyan/light blue) could be expanding flat wave (3-3-5 waves).. We might just completed the 1st phase of the 3 phases of expanding flat wave pattern which is wave A (yellow) with 3 sub waves (wxy, green cicled)..
Long Gold at around 1852, Stop Lost at 1844, Target Profit at around 1960
GOLD. Possible still forming a triangle/wedge pattern. 14 /6/21GOLD. Previous Buy Setup, Stop Lost was hit. BUT Price still possible forming a triangle /wedge pattern. Waiting for any buy setup at around 1855 (where there is a "intersection " of 1) Pitchfork Line 2)4 Hours 200EMA 3)Lower Support Line of Wedge/ Triangle pattern.
Gold. Leading Diagonal maybe not completed yet. 9 June 21Gold possible still forming its leading diagonal pattern. Currently in wave 4 (yellow) ( possible any type of bullish triangle pattern )..Price could hold above 1850, the next support could be around 1870.. before ending its leading diagonal at around 1960...
GOLD. Is Pullback done? Probably Not. 5 June 21Gold maybe is forming an expanding ending diagonal, Short at around 1900, ( where is an intersection of down trend line with pitchfork median line ). Stop Lost at 1910..Target Profit at around 1840 << where there is an intersection of 1) 4h 200 EMA 2)Pullback Zone of Long Term Down Trend line Breakout 3) Pitchfork lower support line..>>
GOLD maybe an expanding flat pattern on wave (B)(cyan). 28/5/21GOLD possible is forming an expanding flat pattern on wave (B)(Cyan/light blue).. Maybe now we are at wave A (yellow) first leg down of the expanding flat pattern, where price could reach @ around 1845 ( which is support/resistance flip zone and the long term down trend lines breakout zone becoming support area ) .before resuming its uptrend @ around 1950 (major supply & Resistance zone ) for wave B (yellow) and finally last leg down for wave C (yellow) @ around 1780 which is daily 200 EMA deviation and demand zone..
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GOLD may completed leading diagonal pattern. 27/5/21Gold may completed its leading diagonal pattern. Price have reached the confluence area ( 2 Upper trend line of leading diagonal met with pitchfork parallel line PLUS the supply zone ).... Short at around 1902, TP1 @ around 1760. Stop lost at 1913..
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