SteveTan

SteveTan

Gold is forming another triangle now in lower time frame chart e.g 1hour chart etc. So probably last leg to complete wave A (yellow).

SteveTan Updated 

Gold, We have confluence zone @ 1840-1838 where there were 1) AB = CD ( white line ) 2) Major Weekly Demand Zone / Oder Block. and a few (secretly) not mentioned...

SteveTan Updated 

XAUUSD, just broke trendline liquidity probably with false breakout. Possible having a deep pullback toward 1888 +/-. Before resuming uptrend toward 2000 +/-. Where 2000 +/- is multi confluence zone of :- 1) Weekly Order Block 2)Yellow Upper trendline 3) Pitchfork parallel line and etc

SteveTan

XAUUSD, An Amazing Moves in wave C (yellow) within 1 day! Gold's Wave C (Red Circled) is an expanding ending diagonal pattern.

SteveTan Updated 

XAUUSD was forming a leading diagonal pattern, so it's having high probability that the deep pullback from 1810.34 is just wave A (yellow), the first leg of zig zag wave in wave 4 (blue).

SteveTan Updated 

Gold's wave B ( yellow ) possible an expanding flat abc (green circled) pattern where price slightly above 1884.91

SteveTan

XAUUSD checking from its internal waves structure, it's probably just completed a double zigzag WXY (yellow) in wave (4)(cyan) @ multi confluence zone :- 1) Triggered liquidity lvl @ 1879.79 on double top in 4h chart, 2) Broke Daily Order Block, 3) IVFG, 4) previous gap @ 1870.. etc

SteveTan Updated 

XAUUSD, we've seen not just gold surging up after middle east.. But USD as well. That probably indicated that US's note still "smell good" & continue as a "King Maker" for time being". Let see how The Boss/Fed gonna "trigger its rifle" @ today 2pm.

SteveTan

Gold as posted ideas on early May 2023 where we have high probability breaking < 1800, BUT which "road/path" to success"? It really depend on which paths/waves we "choose" based on our patience/trading skills/ etc. P/s The more we trade toward <1800 the more we might lost/loss in trading's "path/waves" or vice versa.

SteveTan

SP500 indeed completed wave A ( Red Circled ), now "pulling back" toward 4445 +/- a confluence zone of :- 1) Fibo 61.8% 2) Down Trendline (red) and etc.. Possible another -17.32%.

SteveTan

DXY Instead of expanding flat pattern USD probably forming a complex double three pattern (w)(x)(y)(yelow) on wave (2)( Blue).

SteveTan

XAUUSD Probably building a ranging "base" in wave (4) (blue) . E.g : tringle, double/triple zigzag etc.. where price capped below 1870 +/- Before another significant "drop" toward 1760-1750.

SteveTan Updated 

Gold. Base on Elliott wave principle/ theory/rules.. You may disagree/ argue with me that subway of any corrective wave in triangle consist of expanding flat but i have seem it and prove it with my z-factor (speed analysis) as It happens very often in lower time frame chart.

SteveTan

UK Brent Crude Oil finally reached 96.80 +/- as posted idea on 23/Feb/23. What Next to the "mother of all inflation"?

SteveTan

DXY / USDollar A weekly pin bar @ major resistance is not a good sign for the bull of dollar and the bear of the gold.

SteveTan Updated 

XAUUSD. There was a "hidden" triangle here @ wave (4)(blue)..So current downward trend probably the last leg of wave A (Red Circled) which is a leading diagonal pattern.

SteveTan Updated 

After reviewing Mr. Gold biggest structure over weekend. .I “found” that There are more than 2 signs that gold already start diving into 1790 +/-. Short Gold @ 2050 +/-. S.L @ 2060. ( Detail on my next lower time frame chart).

SteveTan

Gold wave ii (flat pattern)( Green Circled ) probably reached earlier than expected As we have "wedge pattern" waiting for breakout in DXY/USD/Dollar index.