GOLD Setting up for a New Wave up?

10 lis 2018From the looks of it we might see the end of the current bear trend of gold of 2018. I want to see the price move as i have shown on the right, making another low which creates bullish divergence in a support zone. On the left i have shown a possible fractal, which shows a similar move up till now. There is chance we might see another big wave down, like we can see in the yellow circle. I think the stock market might drop again soon, usually Gold moves contrair so i expect we move up.

So i will be watching the movement closely coming week and try to see something that could give me an entry at the low. Will try to keep you updated here on TV as well about his one



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12 lis 2018

Komentarz

Moving as predicted so far, looks like we could see one more wave down towards the 1200/1202. Think it will move up after testing that support. Has to show a good strong move up, if that would be the low

12 lis 2018

Komentarz

Still inside the wedge, still testing the support level of. Because of this, it could be that we see a drop out of the wedge, but could be a quick bear trap move as well. Bullish view is still the same, giving it a try with 50% of my pos here and increasing if the wedge breaks on the upside.

So it's waiting for a good bounce up.

13 lis 2018

Komentarz

Seems we have the breakout now, this could be the reversal at the moment. First target should be around 1211, goal is much higher.

13 lis 2018

Komentarz

We had a nice bounce yesterday but it was loosing momentum at the breakout. Seems that trend line on the right has a lot of weight. Now we even made a new low, it's just slightly below the previous one and have bounce up once again so there is still a good chance this might work out. But that red resistance has to break, anything below it is still a bit tricky.

14 lis 2018

Komentarz

I cant seem to load charts at the moment so just using this one now. The fractal is still in full play here.

Now we are at an important point for the long term. If that red resistance breaks, we will probably seen another attempt to break that high. If we see a lot of conviction, we could see a long term rally happening. This would be an ideal scenario to increase on the way up for a big swing trade.

14 lis 2018

Komentarz

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