Dislikedshort-term bears on the way..
when it stops, long-term bull will take us to another level --> 2000Ignored
XAU/USD & XAG/USD - Gold & Silver Traders Thread 56,737 replies
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Spot gold EA from OG gold system 8 replies
Why does gold/usd have the symbol: XAU/USD? 14 replies
How to BUY spot of XAU/EUR 19 replies
DislikedHaha! Bitter man. No son, the problem is you don't understand the difference between 'trend' and 'direction'. The trend can be UP while the direction can be 'DOWN'. This is what confuses you. The TREND in gold is up, but the current direction is down. IF the BULL is still in tact the direction of gold will continue with the trend i.e. UP after the correction.
Yes, there is a point when the up trend will change to a down trend, but we are not there yet. I know you jizz your pants every time gold corrects, but chill out man.Ignored
Dislikedsecond top of this correction
if everything goes at it should ofcourse, with gold no body knows ofcourse, but we should see c of B.Ignored
DislikedAh ok, yes you right, wave-b is underway, but current wave-b type is unknown so far, and it can be Zigzag or triangle. If second - we new middle term top may not occur.Ignored
DislikedAh ok, yes you right, wave-b is underway, but current wave-b type is unknown so far, and it can be Zigzag or triangle. If second - we new middle term top may not occur.Ignored
DislikedCurrent (todays) price action says me that Flat is more possible than triangle, so we have to wait new highs soon (or upside movement until 1914). Also red wave-b, if Flat is forming, must take at least double time than red wave-a (yellow vertical line).
Gann S9 says me, the next important turn point for Gold should occur 12-19 Sep, so red wave-b possible ends in this period, and red wave-c will make a new drop for a Gold. But in this case, even gold will drop again from 1914 levels, global utrend will NOT BE finished, and after red wave-c ends...Ignored
Dislikedcan you estimate to what price will the new drop made by red wave-c?Ignored
DislikedOh mate, i better go home and smoke some nice stuff from Amsterdam But just for you:
The red-dashed line is the 138.2% target from current drop, so the maximum target for red wave-b is around 1991. Normally in Flats wave-a = wave-c by size and time. If so - red wave-b will ends near current market high (1914). Bold red and Green lines are target projections from maximum and normal red wave-b options.
If red wave-b will be powerful (bold, red) - wave-c should produce drop till 1781.
If red wave-b will be normal (bold, green) - wave-c should...Ignored