GOLD: RIDING GIANTS (updated idea)
Actualizado
After the prosecution in extension of the C leg, we are holding our old entries and we looking foreward for new short entries.
A potential area would be 2024 - 2041 where are some counts and mixed analysis in convergence.
We still expecting a big 5 wave down series in continuation of the first one (big A, now we are in B, missed the C).
Targets: beetween 1830 and below 1800 (1760 - 1680 area to watch as possibile).
A potential area would be 2024 - 2041 where are some counts and mixed analysis in convergence.
We still expecting a big 5 wave down series in continuation of the first one (big A, now we are in B, missed the C).
Targets: beetween 1830 and below 1800 (1760 - 1680 area to watch as possibile).
Operación activa
Operación activa
Operación activa
Some lines on 2hr chart: Nota
Notice that two red channel lines and the big black oneNota
Nota
i would notice that looks as a mega rising wedge on daily chart.... and we are back below the major top trendline after a failed attempt to break up... this thing, is dead: Operación activa
The actual waves count based on the idea: Operación activa
If this count is correct, we could see soon the start of the 3d big wave down that would bring the price below 1860. A break above 1980 indeed could bring the price till 2030 - 2050 without invalidats the bigger count, but only the inner 2nd wave.Operación activa
In the 1hr it is possibile to sse a big rising wedge after a leg down, that usualt is a a bear sign. Lets see what will be the next move.
Nota
The wedge closes at 1995 where is the 61,8% retrace of the actual top.Operación activa
The actual bear COUNT: N.B this count will be valid only if we will break below 1900 with the next move down. Otherwise a move up above 1990 rn would be invalidates this count. This because exist another potential count in a BULL perspective, in that count this last leg down would be a 3 leg ABC (second wave down). So we have to wait for a confirmation below 1900, or above 1990 to have the right count and direction.
Operación activa
We are waiting for the completition of the inner 4th up to 55 - 67 are to add shorts: Operación activa
updated count: Operación activa
the next impulse as could be if this count is correct: Operación activa
in case that count is not correct, this could be the other possibile scenario: Nota
Operación activa
updated count and predictive next move down: Nota
Nota
if this impuls will happens we will finally leave the black bottom TL: Nota
Updated potential move after invalidation of the previous one at the break of 1963: Nota
Finally the entire structure appears to us more clearly and looks like a perfect contracting triangleOperación activa
Nota
Nota
Operación activa
We are contracting the price from 12hr into a triangle (4th wave?) before the ipotetic 5th wave. We will se the price projected below 1860?
Nota
Time to correct up untill 1920 - 30 area with ABC move (5-3-5 ?): Nota
bigger picture of the above screenshot: Nota
updated outlook: we have two possibile path, it depends if it will retraces to 1880 area before the climbing up, in that case, the C will be much more higher (yellow path), otherwise, id we will continue up, the reversal area would be beetween 1926 - 32 area: Nota
actual possibile count: Nota
updated potential corrective ABC (zigzag 5-3-5): 
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.