OleksandrSnitko

GOLD short term SELL setup (wave analysis + 2020 forecast)

OleksandrSnitko 업데이트됨   
OANDA:XAUUSD   골드 스팟 / 미국 달러
My previous gold sell idea was about bearish wave 4(yellow). and it was nicely done.
Now predicted wave 5(yellow) seems to be finished. 1st target(1221.3 - 100% of wave1) is reached.
Wave 5 is clear 1-2-3-4-5 (green) structure.
In my view, currect bull market corrects bear market.
Anyway it should be (A)-(B)-(C) upward move.
Wave (A) 1-2-3-4-5(yellow) seems to be done.
So now wave (B) should unfold. it should correct at least 38% of wave (A) - 1186 (1st SELL target)
Other possible SELL targets for wave (B) are 1182, 1162 and 1148.
After wave (B) is done wave (C) unfolds.
Possible BUY target may be 61.8% retracement of bear market - 1278.
After wave (C) is done long term bear market begins.
Here is BIG view on gold:
Gold is inside long term bear market, which started in 2011 when price was 1922.
Wave A(red) is done. wave A is 1-2-3-4-5.
Wave B(red) corrected 38% of A. Seems to be done. Wave B looks like a-b-c zig-zag.
Wave C(red) is unfolding, if wave B is done.
Long term SELL targets for wave C(red) are 829 (61,8% of wave A) and 493(100% of wave A), which may be reached in feb2019 and oct2020.
코멘트:
wave (A) is comleted.
now wave (B) unfolds. it's unpredictible, but it should correct at lease 38% of wave (A).
so, 1st price target is 1198.
코멘트:
forget to mention:
2nd target for wave 5(yellow) is 99% reached (1246)
wave 5(yellow) structure is broken.
there is also divergence between 3rd and 5th waves inside (green) wave 5 on 1h chart.
코멘트:
in case of wave (A) is 5 wave structure, entire (A)-(B)-(C) structure should be zig-zag.
and wave (B) should correct 38-78% of wave (A)
so gold price should droped to this range
코멘트:
looks like wave A inside wave (B) is formed.
액티브 트레이드:
good sell opportunity.
I'm not confident that wave B is done. anyway gold should fall in near term.
코멘트:
looks like B wave (flat/bull market) is stile in formin.. dont put sl there.
코멘트:
sorry text mistakes.
wave B may exceed 9 feb tops.(1244.5)
코멘트:
In my view corrective wave B(blue) is still forming
s-term BUY targets are 1242.85, 1253.25.
Price shouldn't exceed 1256. if it does, sell setup is wrong.
if setup is valid, after that I expect a good SELL opportunity (drop to 1198 at least)
코멘트:
gold reached 1st buy target 1242.85
there is a possibility of reverse at this level, but I expect one more swing up toward 1253 target.
코멘트:
1253 is reached
코멘트:
gold went beyond 1256.75.
it means that wave count needs to be updated.
wave (A) was done at 17jan.
wave (B) corrected 38.2% of (A).
currently gold is inside wave (C).
buy targets are: 1277 and 1336.
when wave (C) is done, I expect a long term bear market.
코멘트:
s-term analysis
액티브 트레이드:
gold is back on track
코멘트:
final move up
gold might stopped at 1274.54.
don't overtrade.
액티브 트레이드:
wave (A) is 5 wave structure. wave 5 = 61.8% of wave 3
wave (B) unfolds.
zig-zag (5-3-5) is expected.
gold should fall to the range of 1210-1152
거래청산: 타겟 닿음:
gold entered target range
no divergence is seen on H4, so there is no signs of reversal.
sell looks still active, but I don't have accurate target right now, only range.
it's like: gold view changed from active sell to passive sell / hold.
trade with care. use trailing stop loss order.
after gold stops falling I expect a good buy opportunity. pretty big bull market, which should complete (A)(B)(C) correction pattern and begin new big long term bear market.
big picture (1 bull market expected before long term bear market)
alternative big picture (2 bull markets and one bear one expected before long term bear market)
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