GOLD (XAUUSD): POTENTIAL LAST LEG DOWN

7 dic 2020

1871 - 1879 might be the death line.

Looking for ABC (5-3-5) completition at 0,618% extension of A-B; if this will fails next stop could be at 1901.

Targets: 1800 and 1740/1725 area.

7 dic 2020

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Closer view:

7 dic 2020

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This is the main idea:

8 dic 2020

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this might be a possibile bull scenario in case the (C) is not yet completed:

8 dic 2020

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The two possibile scenarios: 1840-38 level to watch:

8 dic 2020

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updates: this could be the preferred count
new levels to watch for shorts are: 1888, 1901, 1906

9 dic 2020

Operación activa

updates:
like i posted this yesterday we may stay inside a wave 2 of 5 up inside the bigger (C), if this is not completed yet.
Otherwise a break below 1838 would be the continuation down

10 dic 2020

Operación activa

So, we are below 1838 and it looks like is making a first series of 5 down in smaller tf. If this is a wave 1 in the upper count, the final targets will be huge in the downside. Lets see what will happens now:

10 dic 2020

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preferred count at the moment:

11 dic 2020

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Ok guys, if this is the wave 1, this might be the scenario:

11 dic 2020

Operación activa

So, if 1850 will not breaks before of 1800, i think the sequence might be: 1798, 1855, 167xx

14 dic 2020

Operación activa

15 dic 2020

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this is a possibile count:

22 dic 2020

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31 dic 2020

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So, after days i'm still watching closely this move up that i think is a corrective and not impulsive. So this might be a valid double 3 waves up in conjunction with a bearish BAT Pattern. So, if the price will break the upper TL of the big triangle (the blu line) at 1905, the arrows would be the points of the potential reverse:

6 ene 2021

Operación cerrada manualmente

This idea continues here: