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- stringfx replied 43 hr ago
gold seems to be in a triangle on lower time frame. stop loss hit in selling. waiting for a breakout to buy. since the correction in gold takes a long time, it would be best to wait out for the breakout to the top.
- stringfx replied 43 hr ago
gold seems to be in a triangle on lower time frame. stop loss hit in selling. waiting for a breakout to buy. since the correction in gold takes a long time, it would be best to wait out for the breakout to the top.
- stringfx replied May 20, 2024
Gold update. The probability of a C wave down has gone down now. on the 5 minute chart, we never got a 5th wave, if it did, then it was a truncated wave. the only chance of a C wave down is an ending diagonal where the 4th wave has ventured into the ...
- stringfx replied May 20, 2024
Gold update. The probability of a C wave down has gone down now. on the 5 minute chart, we never got a 5th wave, if it did, then it was a truncated wave. the only chance of a C wave down is an ending diagonal where the 4th wave has ventured into the ...
- stringfx replied May 20, 2024
Here is a 5 minute chart of a good possibility. i will sell for a C wave down with a tight stop loss.
- stringfx replied May 20, 2024
Here is a 5 minute chart of a good possibility. i will sell for a C wave down with a tight stop loss. sell limit at 2424 , 2431 . Stop loss at 2439 .
- stringfx replied May 20, 2024
Gold has hit the 61.8 which seems perfect as this is a normal target for wave 5 of bigger wave 1. Now we need to wait to see if any lower support breaks to get a-b-c correction to the downside for a wave 2 of wave 1 or will it extend further. if ...
- stringfx replied May 20, 2024
Gold has hit the 61.8 which seems perfect as this is a normal target for wave 5 of bigger wave 1. Now we need to wait to see if any lower support breaks to get a-b-c correction to the downside for a wave 2 of wave 1 or will it extend further. if ...
- stringfx replied May 18, 2024
Dear traders, new to this thread, here is my humble approach to Elliott wave on Gold. My TP on gold has hit at 38.2 of this rally (2416). this could be the 1st wave of a 5th larger rally. Now expecting a retrace to 50% at 2347. Since gold is ...
- stringfx replied May 18, 2024
Dear traders, my TP on gold has hit at 38.2 of this rally (2416). this could be the 1st wave of a 5th larger rally. Now expecting a retrace to 50% at 2347. Since gold is extremely bullish, there is a good possibility that gold will extend to 61.8 to ...
- stringfx replied May 16, 2024
My second view on gold: Gold has completed 3rd wave at 161.8 % and is now in the 4th wave to FE 100 at 2358 to 2360. once completed there will be another rally to FE 200 (marked at 2413) at least. usually, commodities extend on the 5th wave. in that ...
- stringfx replied May 16, 2024
Gold Analysis. All roads lead to long only!! There are different views: This rally is the beginning of the 5th and final wave after which there will be a substantial retrace to at least 50% of the whole long move. This chart below is to show a ...
- stringfx replied May 15, 2024
Now super bullish on Gold. it does look like a 1-2, 1-2 and then a big third wave to come. Gold does not look like it's going to stop at 161.8 for a retrace to FE 100. anyway, my initial target is 161.8 (2393). after that if it starts retracing then ...
- stringfx replied May 10, 2024
i believe that gold is bullish trying to trace out the 5th wave as mentioned before. next target is wave 3 of 5 at 161.8 (2392 ) as shown in the chart below. the 10year yield and dxy seems to be going down. After 2392 a 4th wave to 2358 which FE100 ...
- stringfx replied May 1, 2024
i want to believe that the next wave up is wave 5 to 2500 ++
- stringfx replied Jun 29, 2022
I got a green bar on awesome today. Now to wait until end of day to see if the bar will remain, if it does, i will sell gbp/usd, nzd/usd and buy usd/jpy a whole lot.
- stringfx replied Jun 28, 2022
On that note this is my DXY chart that i am following, this is purely technical speculation, so i know the fundamental geeks will have a problem. I have a green on my accelator and waiting for a green bar on awesome.. plus 38.2 fibs (although early ...
- stringfx replied Jun 28, 2022
Yes you could be right . on weekly we can see a good divergence forming on RSI. it could go down for a 1000 pip to 126 for a correction. but there is still a 100 pip to the upside... why lose that :-)
- stringfx replied Jul 24, 2021
Hi, This is my view for this week . According to me, Dollar strength is not yet over. Most probably this wave of usd index can turn down this week for the much awaited B wave. I was expecting some buying in other currencies and selling in dollar ...
- stringfx replied Jul 19, 2021
Check this chart. This view looks promising.