SteveTan

SteveTan

US10Y > 8% what happen for those house/ car mortgage? What happen to #gold when big player have "guaranteed" in bank deposits? What happen to "healthy" bank's "stock"?..

SteveTan Updated 

Hello Traders, It has been more than 5 months from my last posted ideas. How do you do? Let Enjoy Gold Roller Coaster Ride!

SteveTan

Gold need to "retrace" to 2050 +/- ( monthly order block PLUS ++ Bcos wave (c) Red have 3,3,3,.. wave structure . So it's an expanding ending diagonal wave structure!

SteveTan

Topglove just broke 233 EMA again, it has been ping-poing @ Daily @ 233 EMA (white MA line) for long enough to build "base/acculmatulation " in wave 2 (yellow) Time To fly!

SteveTan

SPX probably complete wave B ( Red Circled) of triangle on early January 2024 where it could dive 20% +/-.

SteveTan

SPX's chart/market is driven by Fundamentals ( FED) as most traders perceived. But I do agree with Robert Prechter and Alessio Rastani that market/ chart is driven by the "rotating cycle" of "supply/demand" rather than news/fundamentals even though I don't agree Robert Prechter with (Founder of Elliott Wave International) have been calling for major crash (which...

SteveTan

INARI's 1.50 +/- is confluence zone of 1) POC of volume Profile. 2) Demand Zone 3) Lower Support of Parallel line.

SteveTan

Pohkong Price still inside a big triangle while Gold already breaking ATH. But both still in "ranging market" in next 2,3years.

SteveTan

XAUUSD's price need to break 2031.05 , which is wave (iv)(red) to confirmed muti months peak @ 2144.64 or else price could reach 2160 +/- on New York Session.

SteveTan

XAUUSD currently forming a "unfinished" long tail daily and "finished" long tail 4 hour "scary" pin bar for "Gold's Bull Chaser"! BUT, but.. the "Red Bull" probably only "exhausted" on New York Session @ 2150-2160 +/-. (Detail on next lower time frame chart )

SteveTan

XAUUSD. Elliott wave concept which is based on fractal "nature repeating pattern" theory. AND pattern "need our bared" eye "staring at screen".. Zooming in until " the tiniest spot". So..So,, We have better, bigger "vision" on Bigger Time Frame Chart! E.g yearly, Monthly Chart! As we have limitation to "Zooming" into 1hours or even1 minute chert with our "bared...

SteveTan

XAUUSD. By checking its z-factor (speed of chart) there is a hidden big triangle on gold chart with wave C (yellow) already end in "short-lived" relatively to wave A (yellow).

SteveTan

XAUUSD's 2000 is confluence zone of 1) Major Trend line 2) Order Block 3) Breaker Block.

SteveTan

XAUUSD's wave 3 (yellow) probably reached. P/s it's suggested to "Long Only" as we only knew the "finite" swing low but not the "infinite" swing high on "any uptrend" and vice versa.

SteveTan

It's better to wait for technology index to drop @ 38 +/- ONLY consider to buy your Malaysia Favourite stoks e.g : Inari, DNEX etc..

SteveTan

SP500 will break All Time High ( 4820.40) ?! by 2024? ..((FED'S BARKIN: TALKING ABOUT RATE CUTS IS PREMATURE.)). Let see what "geometry and of price" told us in next 2,3 months ahead.

SteveTan

XAUUSD We are still in wave 3 (yellow) where its price probably end at 2060 +/-.

SteveTan

Dollar Index aka DXY currently on wave III (blue) before a pullback toward wave IV (blue) before final leg down on wave V (blue) @ 102 +/-.