We got a perfect A=C correction here wich stopped at 1460 and we are now seeing a big bullish candle due to a very bad ISM Manufacturing PMI.
This could be the start of a new bullish trend but it's best to have a 5 waves move up first before making such statement.
If we see price reverse and go lower, then we can consider the correction is ongoing.
This could be the start of a new bullish trend but it's best to have a 5 waves move up first before making such statement.
If we see price reverse and go lower, then we can consider the correction is ongoing.
Nota
Don't hesitate to like and share my ideas Also, Subscribe to my FREE Telegram Channel for MANY more updates
t.me/em16public
If you have ANY questions, reach out to me through
comments, chat or my Telegram t.me/ewbelgium
Nota
Clean 5 waves up here! After a pullback we should go up again
Nota
Not very sure if this is an impulsive move up or a WXY correction…But because for now we're seeing slow and overlapping price action, I'll stay with the bullish bias.
If on the other hand we see price go sharply lower below 1460, we'll have to reasses the situation
Nota
Price seems to be turning from this support zone. After wave Y reached 100% length of wave W. If we see a move above wave X high, chances for higher prices increase alot.Nota
We got a Flat correction which stopped at 1473, near the 78.6% retracement level.Breaks of trend lines would indicate we're going higher.
Nota
Gold - Going up but I don't trust this rise just yet. Notice that we're also seeing bearish divergence which indicates that we could see price go down once more soon. If we continue higher, chances for bulls to take over increase each time we break a bullish level.
Nota
Gold - As expected we saw price come down after breaking this black trend line but because we did not see a new low I have hopes we'll see at least 1500 followed then by the other bullish levels depending on how price unfolds. Nota
We could actually be in the beginning of wave (iii) of 3 !Nota
You can see more updates on my Telegram channel!Nota
Gold - Made a bullish triangle ... Target zone is around 1510-1515 if not a bit higher. 
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.