mamnunamalik

Gold will continue it's price dropping next week as well.FED Powell did not mention anything regarding rate situation as he was looking at US newly president Trump's aggressive policy and tariff condition.Supply: 2915-2930Demand: 2845-2855

Gold price is in zigzag correction and this analysis is on weekly chart.More upside move ahead after the completion of this correction. So looks for short opportunity in smaller time frame and follow this route map.This is a perfect ending diagonal pattern. Whenever you see a strong rejection from any of these Fibonacci level, open your long position for all time high because price will recover this drop with double speed.Focus on these two zones for tomorrow CPI trade

According to my previous wave analysis, I am still not convinced that Gold bull run is over.My anticipation of this precious metal is still high.My long position is opened.

Dear Traders,Gold has finally completed its major 12345 waves on 31st October, 2024.Now it is on correction phase ABC wave and this is going to be a zigzag correction. Price is forming wave A and its minimum destination is 2415.

Dear Traders, As we focus only in Elliot Wave analysis, we found out that the gold price is in still its major 3rd wave.We will consider this 3rd wave is completed only when the (2) and (4) matured trend line will be broken.As you can see, the price has already showed a rejection from this trend line. (Daily Chart)Meanwhile, in minor scenario which is in 4 hours chart it is showing us an ongoing zigzag correction.As a wave analyst, I am considering this drop as wave "A" of zigzag which will have 5 moves in 4 hours chart.I will break down the 4 hours chart for you in a note of this post.

An impressive opportunity for long in ETHUSD.A new ATH is looking feasible ...

Dear Traders, Gold price is in correction and forming wave (iv).After that it will lead an impulse wave (v) which will be our priority to open position.If the price does not break the High of "B" within 15 bars in 4 hour chart, then we will consider this move as "X" That means blue (abc) will become our first correction wave ''W'' So it will lead to double correction then.Seems like price is forming a double correction pattern.I have closed my long position yesterday. I will update a new correction draft today.

Dear Traders,The H4 chart reveals that Gold finished wave iv of (iii) and has now resumed its movement upward within wave v of (iii) of ((iii)). Based on Elliott wave projections:Wave (iii) has the potential to extend to 2767 before a corrective pullback begins within wave (iv) of ((iii)).Traders should stay focused on the buy side, using pullbacks as entry points for long positions in anticipation of the next rally.Lets runWe are almost there. 2800 seems very feasible.2767 hit

If this is the end of 4th wave then 5th wave minimum target is 2707 .....

Price will make another all time high. Correction was completed and market is reacting for rate cut in September.Trend is bullish as long as price is not braking the trend line.