In your chart i can see clearly in daily gold made 5 waves downside and now doing 3 waves upside that means it is 53535 flat chart pattern in daily time frame. And then it will break downside. Upto 2250 once reach here , Then gold bullish upto 3k$ that I understood.
Your thesis makes no sense, you believe it will break down before continuing a run upwards to 3K, it does not need to follow technical analysis and can just run up to 3K regardless
nice chart, I have this channel and this wedge, but I also have 2 channels more, in particular the A-B line is also a channel, and if you replicate it in parallel and project correctly you will get a drop to either 1825 or 1550 by December 31. Market already told us bear trend prevails with putting a huge candlestick on Monday, it wasn't cancelled, so continuation on Monday next week (2 Dec) is what we should expect.
If you are an EW student you can learn waves in gold: Major Wave 1: 31 Oct - 14 Nov; Major Wave 2: 14 Nov - 22 Nov ; Major 3 , fractal minor 1 in major 3: 25 Nov.
In your chart i can see clearly in daily gold made 5 waves downside and now doing 3 waves upside that means it is 53535 flat chart pattern in daily time frame. And then it will break downside. Upto 2250 once reach here , Then gold bullish upto 3k$ that I understood.
Your thesis makes no sense, you believe it will break down before continuing a run upwards to 3K, it does not need to follow technical analysis and can just run up to 3K regardless
Agree. Was tough getting my sell limits triggered continuing to hold a drawdown 😢
too bearish prediction on a day following Thanksgiving Holiday? Black Friday?
fixing to drop 2000 pips
nice chart, I have this channel and this wedge, but I also have 2 channels more, in particular the A-B line is also a channel, and if you replicate it in parallel and project correctly you will get a drop to either 1825 or 1550 by December 31. Market already told us bear trend prevails with putting a huge candlestick on Monday, it wasn't cancelled, so continuation on Monday next week (2 Dec) is what we should expect.
Hey just found the channel, Elliot wave student
If you are an EW student you can learn waves in gold: Major Wave 1: 31 Oct - 14 Nov; Major Wave 2: 14 Nov - 22 Nov ; Major 3 , fractal minor 1 in major 3: 25 Nov.
let us see