The previously mentioned invalidation mark has been touched hence I exited my position and took another look as to what might be going on this Gold(XAU USD) chart. It seems that the double bracketed Wave 3 is still going down which only means that this correction will continue down a […]
Gold (XAU USD ) seems to have reversed near the earlier mentioned invalidation level around 1241.50 . As of now it seems to be moving for a Wave 2 retracement near the red support region. SL is still to be kept at Invalidation level. I will update further as […]
Gold (XAU USD) looking to make the bullish move from here on, I earlier thought that the Wave C will progress as an Ending Diagonal however it has already moved into the target zone white box. Also since the Wave 3 of C is smaller then Wave 1, hence the […]
As such Gold has been moving as expected in a 3 legged correction heading down, currently it is in Wave B of the A-B-C correction. For more clarity read my last published report here. I expect that this market will face resistance around the 1281.70 region and is most likely […]
As per the count presented on the chart it seems highly likely that Gold is getting ready to head higher. It seems that the current corrective leg down can take support in the 1255-1245 region and then the bullish Wave 3 can start, however if the market trades below 1245 […]
After the previous article in which I discussed how Gold might be moving in a 3 legged correction, it achieved the target 1 mark and then started moving hesitantly in a sideways fashion, now it seems that the correction might have taken a complex structure and quite possibly a Triangle. […]
In the last update I shared my view that Gold should rise up for the 5th Wave to complete the circled Wave 3 which it has. Alternate count in Green. However at this point it seems that either that Wave 5 is a Truncated 5th or that it is Wave […]
In the last video report I pointed that I was expecting Gold to atleast achieve the level of 1244 and the last target was 1232, since Gold achieved both of those targets in this video report I have looked at the possible upside levels. From the current Wave Progressions it […]
I have previously discussed some probable count for Gold and would like to add to this possibility this particular count which points that a small leg up still remains before we see the Wave 2 of 3 correction. Basically if this count plays out then we will see Gold going […]
In this video I have discussed the three main Elliott Wave Counts that can play out on the Gold (XAU USD) market from 16th April 2017 onwards. I have also specified the possible downside targets and the strategies that can be incorporated to trade these counts. Video Report : […]
The current wave progression seems to be moving in 3 – 3 Wave formations which can be considered as an Ending Diagonal, also a point worth noting here is that the Wave 1-3 and Wave 3-5 have 1.236 Fibonacci relationship which further supports the count. If this formation […]
In this video I have discussed the main count as well as 2 other possibilities that can play out in Gold (XAU USD). Basically 2 counts are pointing downward and 1 upward, my bias is towards the downside, I have also discussed the trading strategies for each count. Learn […]
As long as the red trendline is not broken on the upside I don’t think there is much point in looking at bullish counts, hence I have only discussed the most probable bearish count in this article. Looks like the Wave B was a double Zig Zag and the Wave […]
In my last video report I discussed the 2 possibilities or the Wave counts that can take place. The last article suggested that either the Wave 2 in Gold was completed at 1240 and it has started the Wave 3 and is in Wave 2 of Wave 3. The second […]
In this article I have discussed the 2 possibilities that can play out in Gold (XAU USD). Watch detailed video report : The market is either moving as a Flat in the Wave C (Consider the Count in BLUE) OR It has already completed the Wave 2 correction as a […]
