XAUUSD - M

XAUSUD, Long term view

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Will add more labels after price hits 1200 support

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FLAT and Reverse

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DXY & Gold, negative correlation

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Daily REVISITED

Trade ativo:

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60min revisted, we reached equal legs and price must close below 123.6% and break upward trendline

Trade fechado manualmente

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It seems like we have a FLAT,we might get a new high to finish of seq. Waiting for a return because DXY must correct

Trade fechado: objetivo atingido:

Target

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Target now 1200,

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I missed the the move down, hope it doesn't spike up

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Since we have 5 wave down from the highs to wave (a) blue, zig-zag may be unfolding which will end @$400 which I doubt but we can have a deep correction maybe 78.6 of the move down then correction will be like expanding FLAT

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Weekly,

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D

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H2, last move before we go UP

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UPDATE, Target is now 1170(extended 5th). We have Fibo Cluster of Monthly 61.8 if you look at the chart

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Mistake prev chart,

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2H UPDATE

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REVISED, If we get a strong impulse to 1200 then that would be wave 3(1.618), wave 4 @ 100% and 5th wave at 200%. If price breaks 1240 level the cycle to the downside is over. Current structure looks like ending diagonal

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I also have alt which is in green when price moves in a zigzag

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Proper One, REVIS made mistake and the count on the previous chart.
Breaking ((b)) will mean downside is done and if not breaking then gold might go to level 1130

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Reached the equals of ((a)) / ((b)), are we expecting ending diagonal?

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$1120 is possible then turn

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ROLLING out as ending diagonal, I will not buy Gold until atleast 1125, buy order will be at wave (iv) of ending diagonal

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Been ending cycles pre-maturely,$1110 - $1100 area will be my turning zone but it come slowly

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TARGET 127.2:

Trade fechado: objetivo atingido:

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Correction time, ABC target between 61.8 - 88.6

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It's motive wave,

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1280 is the target buy now.

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we have a deep correction, structure has reached 100% extension from the highs, market should move 3 wave up

Trade fechado: stop atingido:

I'm out

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UPDATE:

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