Shrinking wedge is getting shorter and shorter with each new candle.
Gold is trading at all time high. trade plan to enter the market for day trading
Gold 5 wave bullish trend has made a ending diagonal pattern in its 5th wave that have potential for $2000 price. Bulls will take their profit and seller will enter the market. Bears will target for 38.2% retracement of this rally on H4 Time frame.
Gold is trading in parallel channel if we go more precise than we have pitchfork with 1.618 and 2.382 parallel. This trend is 5 wave rally with 3rd wave extension of 3rd wave. After the 5 wave up trend we expect trend reversal that is ABC correction. Breakout outside this channel will confirm bearish correction upto 1815 which 38.2% percent of entire movement.
this old gold parallel channel is about to breakout.
Double top or Fake channel breakout This move was combination of both fake channel breakout on 15 min chart and double top on H4 chart or trend continuation on long term parallel channel. Always consider all pattern and use Elliott wave analysis to know beginning and end of any chart pattern
Gold is trading in this parallel channel. upside target is 1825 . downside breakout of lower trend line will confirm bearish trend and seller will target for 1745 .
gold rally from 1670 to 1789 is about to end. the five wave rally has made ending diagonal in its 5th wave. breakout of green line will confirm bearish trend.
Gold is trading in ascending parallel channel.
after yesterday bearish move gold is trading in bullish channel
gold 15 min intraday bearish wedge. take profit on upside breakout
gold has stuck in this rising wedge don't forget to take profit
are we in middle of gbp usd head and shoulder pattern ?
gold has confirmed bearish trend after reaching 78% @1733 retracement of all time high. gold can again test support at 1445 this time this weeks old triangle will geve it room for 1825
after 1700 rally gold has stuck in wedge again upside breakout will lead it beyond 1750 and down side beakout will take it to bearish trend