abdulghaly12
GBPAUD is setting up a for a nice short, there is a nice bearish triangle set up. Also it broke the trend line yet it is not broken at the 1.80080 level. so we most likely will see a re test to the trend line before the next leg down. So consider placing a sell limit when the market opens.
As the dxy is falling and will to do so under a Joe Biden adiminstartion because stimulus will come and in epic amounts. Silver and Gold are going to soar into the this month and next!
So far my elliot wave has been correct, it looks like a moving average crossover might happen. We also are retesting the trendline, you could use a fib to see exactly where the best entry will be
The dow is making a recovery, expexted a small pullback then price will go bullish
as we see the us dollar get weaker this week, we should see bitcoin and other metals and crypto go up.
Based on the 2 hour time frame, silver is creating a descending triangle , based on technical analysis we should see some more ranging of price. Also based on the news I am expecting a pull back most likely in the first week of September so the real gold rush can begin. I would not recommend trading until we some serious brake of price structure.
As you uys can see gold is looking bullish, breaking thru the 38% retracement, I expect it to keep going