BA_Investments

BA_Investments Updated 

Gold closed extremely bullish last week & soared past $2,700! Here is what I am looking for next week; Option 1: Gold drops a little lower towards $2,707 before price pushes up again towards a new ATH. Option 2: Gold doesn't bother with any LQ grab to the downside & carries on shooting up towards $2,730 this week.

BA_Investments

Gold hit our $2,739 yesterday as expected and rejected down 200+ PIPS in profit! Here is what I am looking for next week; Option 1: Gold drops lower now towards $2,640 as first target. Option 2: Gold pushes a little higher to liquidate early sellers before coming back down.

BA_Investments

I still remain bearish on ETHUSD. This bear market will be further supported by the U.S. elections as Donald Trump comes into power & artificially strengthens the U.S. Dollar, which'll in turn push down Crypto. 🔴5 Wave Bullish Move Complete. 🔴Wave A & B Correction Complete. 🔴Minor Wave 3 Of Major Wave C Correction Yet Pending.

BA_Investments

As you've seen on the update, Gold has or is close to completion of Wave 5 (Wave V) of its bullish structure. Waiting for a minor shift in price action to indicate a bear trend is about to start, but I’m looking to short the market now. ⭕️5 Wave Bullish Move Complete. ⭕️Overbought Market Conditions. ⭕️DXY (Dollar Index) Bullish.

BA_Investments

Gold is at a perfect zone on the bigger timeframes to start shorting the market towards $2,540! 5 Wave Bullish move complete, followed by a rising Dollar which should now push down Gold as both markets have negative correlation.

BA_Investments

GBPUSD is still holding bullish as expected. We saw a deeper Wave V move happen, breaking below the previous Wave 4 low which I did say could happen. In turn sellers also broke structure to the downside, meaning in the future GBPUSD should move lower, but after a retracement first. Wave 1 (5 Sub-Waves) complete. Now time for a move up towards Wave 2!

BA_Investments

Gold finally hit our target of $2,700 and has created a new historical high! Option 1: Gold now starts to drop and corrects all the bullish move it started creating. Option 2: Gold pushes higher towards $2,740 before bullish momentum slows down and bears take over.

BA_Investments Updated 

Now that Gold has dropped towards our 2nd POI towards $2,600 - $2,590 we're in a good buying opportunity to catch a 5 Sub-Wave (I,II,III,IV,V) towards the final Wave 5 & major Wave V of the bull trend. I am not in any buy's yet. Waiting to see if price could drop a little lower first before I look to position into any buy's.

BA_Investments Updated 

Currently we're seeing a strong push up on Gold, which can indicate that Wace IV might have bottomed. But this doesn't rule out the chance of price dropping a little lower towards the start of next week. I'm not in any buy's yet & monitoring price action to see if market structure holds up for a good buying opportunity.

BA_Investments Updated 

Gold is pushing up very nicely from our Wave IV bottom! Currently up 460 PIPS from its low, heading towards our Wave V target. I'm not in any buy's yet as I was waiting for just a tiny move lower. But I will be entering buys early next week & riding Gold towards Wave V🚀

BA_Investments Updated 

So far a nice push up on Gold of 640 PIPS profit since last week, from our Wave V low! Currently, I am expecting a retracement back down towards $2,630 zone, where we can monitor price action for either a push back to the upside. Or if price carries on melting, we might see a deeper retracement back towards $2,580. 2 zones to monitor: ⭕️$2,630 ⭕️$2,580

BA_Investments Updated 

Still waiting for a move lower towards $2,630 - $2,627 (Sub-Wave II). This should allow me to get in at the bottom of Sub-Wave III at a cheaper price, which'll allow me to use better risk management, when targeting Wave V around the $2,700 zone.

BA_Investments Updated 

Gold created a new All-Time-High this morning & reached a peak of $2,688. $2,700 & our Wave V (Major Wave 5) target is just around the corner! Historical market conditions for Gold right now.

BA_Investments

The Dollar is moving ridiculously bullish for the past 3 weeks. Exactly how I said it would move to my Gold Fund investors, in our Q4 Market Breakdown report. The U.S. elections is less than 4 weeks away & I'm expecting Dollar bulls to hold up during the elections, with all the volatility we will see in the markets.

BA_Investments

Like I told you all on yesterday's analysis I see BTC prices coming back down again, below the last minor low of $64,700 before any further upside. So far that is exactly what price is doing. Price is slowly but surely coming down. This'll happen very slowly, in order to test everyone's patience & liquidate those who are in the process of trying to make quick...

BA_Investments

Even though we closed out our US30 investment at the start of this month, you can see how smoothly this analysis played out🦾 I called this trade at the bottom of Wave 5 (Sub-Wave II) & since then US30 has provided a 29% ROI (9,700 PIPS profit). The Elliott Wave Theory strategy worked out to perfection for this investment!

BA_Investments

Gold failed to push lower today & broke to the upside instead, so I am no longer waiting on a retracement down towards $2,630. Even though Gold didn't pull back towards $2,630 & give me an entry, price is still up 800 PIPS in profit from its Wave V low. Well done to everyone who got into buy's! Wave V target & $2,700 is right around the corner.

BA_Investments

Wave 3 on BTC has started, but I see price coming back below the last minor low of $64,700 before any further upside. I see price coming back lower for a retest & a liquidity grab. Good buying opportunity between $63,500 to anywhere down to $61,000. You have to be generous with your SL in these choppy market conditions & use strict risk management.