Idea for Gold @ 5th May. 2024

2024年5月5日

After analyzing the recent price behavior of gold, it appears that it may have completed wave 3 of a diagonal pattern in a zigzag form.

This is followed by a diagonal pattern that could represent wave A, so we can see a recovery soon in the short term through wave B.

The analysis shows that this pattern indicates pressure on prices that could lead to a decline to the level of Wave C, as shown in the chart.

Therefore, it can be considered that sellers might be in control of the market in the medium term.

2024年5月10日

註釋

Again, the target 1 is hit!

2024年5月10日

註釋

Next Target is going to coming. we expect to runing into the E-POI zone.
around 700 pips running, congras.

2024年5月13日

註釋

We predict the price make the wave B reverse and running 250 pips
Next potential will be around 2330 level, then has a pullback to formed the wave C of sub-wave 2.