Overall bearish on Gold in the long term. We have so far seen an impulse move down (Wave 1), now waiting for a corrective move (3 sub-waves) towards Wave 2.
Gold prices are absolutely plummeting, created by the volatility from Donald Trump winning! But if you've been following my analysis then you'd know this had nothing to do with fundamentals, it was pure technicals. Learn to read market structure & you can read the future!
Well done to everyone who watched my Elliott Wave update on Gold above & took sell positions alongside me🙌 Wave 5 completed. We saw an original impulse sell off (Wave 1), followed by a flat Wave 2 correction & now the main wave (Wave 3), which according to the Elliott Wave Theory is normally the strongest wave. Further downside expected.
If you still haven't got into Gold sells yet, you haven't missed out! Still expecting price to drop 2,000+ PIPS in the mid term, which YOU ALL can capitalise on. has been absolutely dropping since yesterday, which works in our favour! If you haven't seen my last video update on Gold, go back & watch it just so you know how the ATH of $2,790 could be manipulated.
Look at the charting carefully & you'll see where Wave 1 & 2 ended. We entered sells at Wave 2 correction & since then the Wave 3 has dropped down in an impulse manner😍 We are only 500 PIPS away from our Wave 3 target, where we will close out 50% of our position & leave another 50% running.
- £38,665 PIPS Profit Secured🎯 - TP Hit Within 23 Days🎯 - Called LIVE For You All🎯
Our $2,540 target on Gold has been smashed! Amazing start to the morning😍 Everyone in this channel who is holding this trade, please close out partial profits if you haven't already or even your full positions, if you're happy with your profits. Another huge successful trade called live for you all!
Gold is really oversold right now. I am looking for some retracement as relief to sellers. I will then look to short the market back down again.
Gold has peaked at its Wave 3 low, which I can tell by the slow down in bearish momentum. This was my sign to go long in the short term & buy Wave 4, giving sellers a much needed break. I have been holding a buy since yesterday, HEDGED against my main sell position from $2,738. Looking for some form of 3 Sub-Wave correction for major Wave 4. Potential target zone...
Gold prices dropped further today but bearish momentum has now slowed down during to oversold market conditions. I am now expecting some form of 3 Sub-Wave correction back up towards $2,642 to grab liquidity, before market moves down again.
The DXY is constantly rocketing up from our grey supply zone. Intense bullish momentum which is about to break above the 'pending liquidity' sitting at $107.400 - $106.500. Break of structure of this liquidity zone will open up further upside towards our $109 target!
Gold sell is running 1,300+ PIPS in profit. We have roughly 500 PIPS left to go towards our $2,540 target which is our swing low target. Depending on price action in this range I will decide whether I close out my full position or partials only.
Gold melted like crazy today hitting our $2,620 target! Here is what I am looking for next; Option 1: Gold prices keep dropping lower towards the next target of $2,590. Option 2: Gold retraces higher towards $2,655 for liquidity due to oversold market conditions.
Currently witnessing a pullback on Gold to the upside. If we see price push a little higher towards $2,689 - $2,711, followed by a slow down in bullish momentum then I'll look to enter another sell position on Gold📉
Our Gold sell position is playing out nice. Expecting bears to remain in control. Here is what I am looking for tomorrow; Option 1: Gold pushes a little higher towards the $2,720 - $2,740 zone for LQ, before dropping back down again. Option 2: Gold keeps dropping from current market price.
Gold sell running £40,000+ (1,040 PIPS) in profit, within the Gold Fund for my investors! This has been such an amazing trade! Hope you’re all still holding on as more downside is yet to come🙏
Bitcoin has finally smashed our $77,000 (Wave 5 Major) target like I said would happen back in September & created a new all-time-high🦾 Well done to everyone here who got into this move from my free analysis! Unfortunately my buy position got stopped out at breakeven as you all saw, then price went back up again. But that's fine because the main thing is Bitcoin...
Currently witnessing a pullback on Gold. If we see price push a little higher towards $2,689 - $2,711, followed by a slow down in bullish momentum then I will look to enter another sell position within the Gold Fund for my investors📉