Emmad_O

Emmad_O

Right market isn’t moving technically but rather moving fundamentally. Resistance was broken (1950) on Friday after attack on Saudi. More can come following Russian invasion. Technically bearish diavergernce can be seen on weekly,daily and 4H chart. Moreover head and shoulder pattern is observed on 4H chart. Levels to be seen are 1930 1925 1895 For flip side 1970 2000

Emmad_O

THERE ARE TWO SCENARIOS. 1. On daily and weekly chart frames gold is following a downtrend line precisely. 2. On other hand we can see a ascending triangle on a shorter time frame. Conclusion If gold managed to break the triangle and the downtrend line so we can see gold reaching at least 1900$ There can be mistake.I would appreciate if anyone corrects me.

Emmad_O

We can see gold consolidating in ascending triangle moreover according to Elliot wave gold will touch 1840 So this is good chance to buy gold and go for long

Emmad_O

As my previous analysis market went into correction and now market will head up till 3.4. Moreover Alonzo contracts are coming on 12 September so we will see a boost in market. THIS ANALYSIS IS FOR ONLY EDUCATIONAL PURPOSE .TRADE ON YOUR OWN RISK

Emmad_O

Wave 5 is ended and and now corrective is started. Market will retrace till 2.7 level and then again bounce back to 3.1 and then all the way to 2.4-2.3. THIS IS AN EDUCATIONAL POST NOT A FINANCIAL ADVICE. TRADE ON YOUR OWN ANALYSIS AND RISK MANAGEMENT.

Emmad_O

After new high Ada is consolidating into a bullish symmetrical triangle. Waiting for breakout THIS IS NOT A FINANCIAL ADVICE LIKE AND COMMENT

Emmad_O

As we can see a bullish flag on 4H time frame and decreasing volume from start of flag pole so after consolidation gold will move up. IT IS NOT A FINANCIAL ADVICE.

Emmad_O

In my analysis we can see a bullish flag in 4H time frame. THIS ANALYSIS IS ONLY FOR EDUCATIONAL PURPOSE. THIS IS NOT ANY FINANCIAL ADVISE BE CAREFUL BEFORE ENTERING ANY TRADE WITHOUT ADEQUATE KNOWLEDGE