BA_Investments

BA_Investments

We are currently seeing a re-distribution schematic play out on Gold ahead of its sell off. Re-distribution schematics normally take place in between Wave 3 high, Wave 4 low & Wave 5 high. This sell off schematic normally builds up within a 'Flat Correction' channel which traps in early sellers and lead buyers. This is why it is a hard pattern to recognise.

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The Dollar bulls held steady this week & the weekly candle has just closed, with buyers stabilising price above our supply zone. We are still within our 'Wave 5' bullish move & we expect this move to carry on towards $111.350✈️

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We've seen an initial rejection from our resistance zone, with Gold down 470 PIPS so far. We have seen most of today's downside wiped, as Gold has pushed back up again. We have NFP data tomorrow, so how Gold moves & the weekly candle closes, will indicate if we still have some further upside left next week.

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I said on yesterday’s update that during extreme market volatility, Gold can possibly push up towards $2,868 - $2,883. This morning we saw that extreme move up & Gold has now aggressively rejected our $2,882 resistance zone🔥 Even though more upside MIGHT happen, overall Wave 5 is close to completion. Look left on the chart & you’ll see Wave 5 is now above our...

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Gold is pretty much sitting on its last leg and exhausting all its bullish momentum. ⭕️Major Wave 5 Complete. ⭕️Wave V Close To Completion. ⭕️WAITING On Change To Bearish Structure.

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Gold is still in its Wave 5 bullish run, hence the extreme bullish momentum. However, if you zoom out on the 4H chart you'll see that the current high isn't extremely far away from our October (Wave 3) high, which peaked at $2,790. We are waiting for momentum to slow down & show a shift in market structure. 🔴AT THE MOST EXTREME, Wave 5 can push up towards $2,868 - $2,883🔴

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We previously mistook the $2,790 peak as the Wave 5 high which was wrong. We have re-counted the wave analysis & updated accordingly! Gold is currently in its Wave 5 bull run which should be ending soon. Drop down to the lower TF’s to look for a change in market structure to bearish, before entering sell’s.

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As you can see the current market price has touched the previous Wave III, showing a CHOC (Change of Character) in market structure. I will now be looking for bearish price action to carry on down towards the last major low Wave IV at $2,731📉 In any healthy bull or bear market, price should always take out Wave IV before it can carry on its intended trend run.

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The Dollar has gone crazy on market open with a 100+ PIPS (0.95%) jump to the upside! Now that Wave X is complete, we will see a bullish continuation into our Wave Y (Major Wave 5) zone towards the $111.350 zone✈️

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HUGE GAPS on market open across all markets related to the US Dollar! XXXUSD 📉 USDXXX 📈

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The Dollar (DXY) has closed extremely bullish this week. This is another confluence that we can see Gold (XAUUSD) start moving down soon or later. As you all know the DXY & XAUUSD have negative market correlations, so when one moves up the other move down. The Dollar has been correcting down recently, which has led to Gold pushing up & creating new ATH’s....

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The Dollar is still pushing up from our second supply zone. I have recounted the waves & relabelled it on the chart. Wave W peaked at $110, with Wave X correcting towards $107 & now next bull run which is wave Y, is heading towards $111✈️

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Gold has ONCE AGAIN created another new ATH. We seem to be creating a new all-time after all-time high. However Gold is now overbought & needs a serious correction. Option 1: Gold pushes a little higher towards $2,800 before coming back down. Option 2: Gold correct towards $2,780-70 before it pushes back up early next week, towards $2,816.

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Our Gold sell analysis has been invalidated, as price decided to target the last major high & psychological price of $2,790. I did point out on my first sell analysis that this round number was a potential threat to our sell bias, as round numbers are always seen as a liquidity sweep. HOWEVER, now that this high has been swiped I will still be remaining bearish...

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The Dollar has melted down to our second POI, down to $107 & so far has bounced back up. It is possible that price might still drop a little lower, but overall I expect the Dollar to turn bullish again. We've seen Wave 4 correction complete, followed by a 'BOS' above Wave 3 high confirming the bull run will continue. Retest of supply zone completed, now time for...

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Friday's huge pump, followed by a bigger Monday dump! Gold went very close to its ATH, but has now started declining, staying below the major Wave 5 high, keeping our sell analysis valid so far. I will be wary of Gold until we see a melt back below $2,690, as we can still possibly see it create a new high in the SHORT TERM. But overall, our sell bias is still...

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After this week's huge pump, I do believe Gold will be hitting $2,800+ soon. There's 2 ways in which it'll happen; Option 1: Price consolidates around CMP, trapping in new sellers before it shoots up. Option 2: We see a downwards retracement towards $2,720 before price recovers up again in February.

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You know the funniest part about the markets this past week? Some of you really let Donald Trump & the US government drop the biggest rug pull in history! Hope any of you who were silly enough to buy this meme coin, let this be an EARLY INDICATOR & red flag of what the U.S. government got in store for the next few years. Use the puppet Donald Trump to get your...