GOLD (XAU): EW, the cycle might be done (forget 2k for a while).
Well, referring at my last idea in which we are into an E leg before the last wave 5 in the bull run (related in the follow), I think that it might be wrong.
In fact, analyzing the entire cycle of gold, I think that it is done and there arent anymore waves 5 to complete, cause the 5th has been completed at 2076 $.
So, in this idea I would suggest the possibility of a Leading Diagonal (as wave A or Wave1) formed beetwen 2076 and 1676.
This could be means that we are just started the formation of a sub-wave A (composed by an impulsive 12345) inside a bigger C wave that potentially can goes to $ 1520 | 1412 | 1275 as main targets.
Anything beyond that 1275 would means that we arent into a C wave but in a new bear cycle heading probably around 500$ price area.
So, the next potentially big short area would be beetween 1795 and 1845 (watching closely at 1817) for the formation of B or 2nd wave inside this count.
I will post screenshots in the comments of the idea.
In fact, analyzing the entire cycle of gold, I think that it is done and there arent anymore waves 5 to complete, cause the 5th has been completed at 2076 $.
So, in this idea I would suggest the possibility of a Leading Diagonal (as wave A or Wave1) formed beetwen 2076 and 1676.
This could be means that we are just started the formation of a sub-wave A (composed by an impulsive 12345) inside a bigger C wave that potentially can goes to $ 1520 | 1412 | 1275 as main targets.
Anything beyond that 1275 would means that we arent into a C wave but in a new bear cycle heading probably around 500$ price area.
So, the next potentially big short area would be beetween 1795 and 1845 (watching closely at 1817) for the formation of B or 2nd wave inside this count.
I will post screenshots in the comments of the idea.
Catatan
Catatan
Catatan
Catatan
Typo error into description: "next potentially big short area would be beetween 1795 and 1845*..."not 1845 but: 1875
Catatan
the red rectangle into the drawing is correct btwCatatan
be carefull, this might be possibile, i really dont understand the main count (would be for real the E leg like in my previous idea linked below?) Catatan
Catatan
Catatan
Catatan
mid terms possibile paths: Catatan
Btw the inner count shows this to me: Catatan
What i can potentially count atm Catatan
Alternate count: Catatan
If this is a 5 3 5 i think we are in wave 2: Catatan
This is a possibile alternative scenario (bear); if 1819 will breaks probably we will stay into an A down: Catatan
This is the possibile scenario in which im looking at rn: Catatan
The other possibile scenario according to this idea would be this: Catatan
Actual count of the potential inner B wave:Catatan
Actual situation: Catatan
Catatan
Catatan
Catatan
The B maybe already completed: Catatan
This maybe a valid count actually: Catatan
Catatan
Lets see if the Wave E inside the big B (abcde) is completed. In this case... we should have a strong and sharp big move down as C Catatan
Catatan
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.