First of all as always great anaylises , Thank you very much ...
I would like to ask you about the consuldation at the K level , How can you explain it ?
As you see in the picture bellow the Weekly gold has been sitting at the K level for long time now , Is that mean weakening it ? or It may rise from it at any moment ?
No, I have not changed South direction but I think that 1,2100 will hold and from there upper stronger and bigger correction will take place and that is why I wrote that. Black and Blue ideal projections we can not move, Red could be also in place, I think it is, and only Green projection can be moved up with establishing new higher price in this last up leg.
Last leg up: I see this as an ABC correction leg, maybe topped but I am not convinced and I do expect higher high; 5h wave exceeded normal projection so I really expect diagonal – wedge – 3 drive sell with top max at 1,27463; currently we might come back down and take 1,2580 what would be normal but not must do.
thanks for the explanation my friend..
i dont thnk abt 3900..
if i will get above 2800 i will look to sell @dat area
and will take a big break for marriage ha ha ha joking
1hr abcd is still in play let see..
Good Morning Alll
Im lil confused , according to me 1.2570 area will hold and then we will see bulls again , but at the moment price is still hanging around this area hourly and 4 hour macd is bearish too , so now shall i place a pending buying order around 1.2500 with 50 pips sl , can anyone guide me for a better entry pls ..
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.