Hi all ..
I try to show my vision about gold, by using XAUUSD charts in different frames.
My tools is a technical & elliottican analysis. Comments are welcome...
In begining, i would show a preceding uptrend, see how many times gold give a buy signal and sell signal!! ... that what happen when market is trending, but when trend changing i prefer to sidestep trading untill a good signal of a new trend shown.
some times i use elliott wave to anticipated next move..
What is so important how could make a profit? when u know the major trend or potential trend, you pass half a way, just use a technical analysis to catch the top for sell and bottom for close trade.
Now lets see whats chart tell us ..
I try to show my vision about gold, by using XAUUSD charts in different frames.
My tools is a technical & elliottican analysis. Comments are welcome...
In begining, i would show a preceding uptrend, see how many times gold give a buy signal and sell signal!! ... that what happen when market is trending, but when trend changing i prefer to sidestep trading untill a good signal of a new trend shown.
some times i use elliott wave to anticipated next move..
What is my vision ( long term) ? I think gold start a new era of downtrend maybe leading price of gold less than 1000 as a first target..that vision built depend on EWP.
What is so important how could make a profit? when u know the major trend or potential trend, you pass half a way, just use a technical analysis to catch the top for sell and bottom for close trade.
Now lets see whats chart tell us ..
Until now, there are 2 potential count, first wave 2 finished, the second wave 2 is underway.
So I prefer to waiting untill next week maybe some clues would float on surface.