Gold's short-term recovery, Elliott and Harmonic wave models give me ideas as shown here. Price recovered to 2650 or higher then returned to a downtrend again.
Gold's short-term recovery, Elliott and Harmonic wave models give me ideas as shown here. Price recovered to 2650 or higher then returned to a downtrend again.
Warning! I think gold will fall deeper, 2605 is just the first target. There are various scenarios where the price drops to 2575-2500 (even 2400). The chart below explains the scenario of gold falling to 2400. In previous forecasts, I warned about the possibility of gold falling to 2600 when the price is near 2800.
a plan to follow the footprint of the gold price: chart simulating the plan and pattern for the ELLIOTT wave in gold price. -price increases complete the impulse wave (3)-red. price range 2800. Then adjust quickly and strongly to wave (4) red - 2605. Is a 2000 pip profit opportunity in November coming our way?!
I evaluate gold to increase to 2762-2772 and then decrease according to the daily chart.
Personal opinion: with time frame of week, day, hour4. With the USD/JPY pair, I am following the possibility of the following plan. share with you!
I think: the long-term goal can reach 53, but we need to study carefully, because silver is also an industrial material, a commodity. Silver: - is building a price base 2 with a target of 44. -At the end of the previous 20 year bull cycle, a 10 year bull cycle follows to create a set of 30 year cycles.
DXY: THERE IS A RISK OF GOING BACK TO REDUCTION AND TO SUPPORT: 100 ! DXY: COULD REDUCE TO 100 . THIS CHART IS THE ELLIOTT WAVE MODEL WITH dxy. with wave assumptions as shown. With DXY falling, it is assumed that it will provide much support for gold to continue its uptrend.
GOLD PRICE: target ahead 2725 and 2750.hope 2750 is the highest price range this year.
Bitcoin: with a strong price increase cycle of 4-7 years, with a starting point of 17k - 2 years ago. And now, the next 1-2 years of price increases are beginning.
THERE IS ANOTHER POSSIBILITY: gold falls to the 2600 price range Willing to take risks: I AM SELLING 2646(47) CUT LOSS 2654 TARGET 2624-2605...
gold price: correction 2595 further 2660. wait and find the bottom for the last buying opportunity of the year.: 2700-2750
Btc: last correction wave. Btc: last correction wave.. waiting to find the bottom drop point.
BTC: combine ELW, Gann tools. and assume the time of the down phase (wave 2) is 1/2 of the up phase. There is a possibility that BTC will fall to 45.2k and the bottom will be around 11/8/2024.
WAIT FOR THE NEXT BUYING OPPORTUNITY, and target :2710- 2750. Short term gold drops to 2625-2610
When analyzing Elliot waves with the daily frame, there is not much to do, observing and waiting rather than continuously trading is the right thing to do. I expect the first target of wave (5) - blue near the price level of 2660. -ON THE CHART: I built a DAVAS price box, with 2 price bases that are new ideas connected to Elliott waves. Wish you good luck!
gold price: target near 2660 2024 peak expected 2750(70). with the ELLIOTT wave pattern for gold price i am planning. GOLD PRICE is in the strong days of wave 5 continuously expanding. look at the chart here, you can understand my idea and plan.
Bitcoin, long term view, buying opportunity coming. we are in wave (2) blue, with WXY structure, and forming Y, expected to end at 49-46k. buying opportunity coming.!