king_1970

king_1970

I'm going to share a series of short-term analyses for spot gold trading soon. If you'd like to let others know and follow me. It's free and I'll share with you what I do with that real trading analysis the day before. Let's grind the market together.

king_1970

If the wave count is correct, the last wave, the fifth wave, has reached its end, which is 61.8% of the third wave. If the wave count is not yet over in smaller trends in small time frames. However, if the market wants to continue to move up, then a correction will start from 3342 or 40. Of course, 3332 is also an important and valid area. But in the longer view,...

king_1970

Good day: My friends, this is my mind in the short and medium term for trading. This is just a theory, not a buy or sell signal.

king_1970

Using wave counting, we are at the end of a non-corrective wave. And most likely to go very low from 3049 or 3052 to 2933 or possibly even lower. If the bulls gain strength with the news in favor of gold, it will probably go towards 3130 and 3200. But for now, let's think about going short.Using wave counting, we are at the end of the non-corrective wave. And...

king_1970 Updated 

This last move can be analyzed in another way. That wavy white line used to make the fourth wave from the previous larger waves. And the end of the big wave 3 next to the bigger white trend line. Anyway, we should be careful about movements in lower times.

king_1970 Updated 

Hello friends, I hope you are as profitable and healthy as before. The analysis of the gold price chart is in 5 minutes, which I will share for you in 15 minutes. And to clarify and have an overview of the price trend, I will quickly share it with you in another analysis in the weekly time after this chart. If we know the wave count in the above timeframes and in...

king_1970 Updated 

Related to the small timeframe of 5 minutes or under 4 hours. And to touch the heart-shaped point, pull yourself up to 1965 or 70. And ready to make a bigger corrective move towards that small green circle. At higher times, there is a corrective flat wave if my wave count is correct. It can indicate the price movement to complete the last wave of the three-wave...

king_1970 Updated 

just to see; Having a general sense of the trend and price state beyond

king_1970 Updated 

You need to zoom in on the chart to see it better. But I have presented the generalities and three types of trend analysis in the chart. All three movement possibilities can be tested. But the best thing to do is to keep in mind the latest 5-wave acceleration mini-trend which is white and the 3-wave correction which is marked in pink. and observe it in smaller...

king_1970 Updated 

This is my opinion about short-term gold chart analysis. It can touch the price of 1939 or higher than the price of 1940. The probability of this is high in New York Times. This is a personal analysis. Disclaimer: This is not a buy or sell signal. Don't forget to like and comment. We grate the market together.

king_1970 Updated 

Look at the chart of the dollar index, it is weak, but it continues the trend until the completion of wave 5. I think that if wave 5 is not incomplete, it should reach 102.885 or a little higher and make a deep correction. Until then, gold will experience prices below 1900 again.

king_1970 Updated 

Remember these points. It is short in time frame. This is a personal analysis and needs no explanation. Because you can see that Elliott Waves and Fibonacci Ratios are used through wave counting.

king_1970 Updated 

The green arrow shows that wave 5 is completed. And its modification at the new point was determined by multiplying by white, which can, pay attention, can continue to modify until this area.

king_1970 Updated 

Since wave 3 corrected itself by about 0.618%, it means wave 4. And that wave 5 will probably be 0.618% of the length of wave 3. Wave 5 can correct less than 0.50% (0.382 or 0.236%). Please support us. Do not hesitate to like and comment. Disclaimer; This is an analysis and the probability of error is 70%. Please trade according to your data.

king_1970

This is an example of profiting from correct analysis.

king_1970 Updated 

Making the 4th wave and completing the 3rd bearish wave. Of course, wave 4 and wave 5 cannot move so clearly. And for this reason, the probability of complex and irregular flat waves is high. And combine any kind of them. The target price can be 1911 or 1920. Note that this analysis is small in time. And the possibility of surprising moves is high. But if there is...

king_1970 Updated 

Price movement in the short-term chart. Disclaimer: This is not a buy or sell signal

king_1970 Updated 

dollar index; It has completed the 4th wave and is continuing to create the 5th rising wave. If the fifth wave is not an incomplete wave. A strong wave should be expected. This is also confirmed in the 4-hour timeframe, because it is also true after the first wave of the new 5-wave trend. Also, the continuation of the trend of the third wave in the larger...