Hello traders,
Today we are analyzing the gold, because the Elliott Waves analysis are always sooo clean with XAUUSD (check out my previous juicy gold ideas)
So let me share with you what is offered on this chart:
We have done the dark grey ABC of the B at 123%----> Screenshot 1
And we are now in the grey C of the white C of the yellow (a) . YOU FEEL ME?
After finishing the yellow (a) at the price of 1912----> Screenshot 2 & 3
For the reason of the:
Then we are going to go for the yellow (b) -----> Screenshot 4
After that, we go for the yellow (c) in order to reach for the Red B----> Screenshot 5
We can put the Fibonacci Extension tools in any of those different objectives, and the final objective of the yellow (c) is often at the same place (either 100%, 113%, 123%)
Which is a veryyy strong objective that is the gold is HIGHLY going to reach:
It is between the price 1970/1960, for the 61.8% of retracement of the Red A and a previous support zone, which was created by the old fibs objective (check the my previous chart down below)
1/
2/
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4/
5/
6/
7/ This is what i forecast for in the bigger timeframe for GOLD:
Weekly
Monthly
.
.
BTW, I am selling a PDF , regrouping all the knowledge I have found on Elliott Waves , from the greatest analysts books, into a clear, simple and explicative way,
Contact me in private, or in comment if you don't have enough reputation point if you are interested
.
.
Don't hesitate to comment and check my other ideas
Today we are analyzing the gold, because the Elliott Waves analysis are always sooo clean with XAUUSD (check out my previous juicy gold ideas)
So let me share with you what is offered on this chart:
We have done the dark grey ABC of the B at 123%----> Screenshot 1
And we are now in the grey C of the white C of the yellow (a) . YOU FEEL ME?
After finishing the yellow (a) at the price of 1912----> Screenshot 2 & 3
For the reason of the:
- 161,8% of the grey C
- 100% of the white C
Then we are going to go for the yellow (b) -----> Screenshot 4
After that, we go for the yellow (c) in order to reach for the Red B----> Screenshot 5
We can put the Fibonacci Extension tools in any of those different objectives, and the final objective of the yellow (c) is often at the same place (either 100%, 113%, 123%)
Which is a veryyy strong objective that is the gold is HIGHLY going to reach:
It is between the price 1970/1960, for the 61.8% of retracement of the Red A and a previous support zone, which was created by the old fibs objective (check the my previous chart down below)
1/
Weekly
.
BTW, I am selling a PDF , regrouping all the knowledge I have found on Elliott Waves , from the greatest analysts books, into a clear, simple and explicative way,
Contact me in private, or in comment if you don't have enough reputation point if you are interested
.
.
Don't hesitate to comment and check my other ideas
