an idea for GOLD in H4 chart

3 мая 2024 г.

Hello everyone
As I mentioned before, my ideas in hourly timeframes in correction patterns have many uncertainties and they are just to give you an idea about what might happen. You must not rely on them and get in any positions till you have reliable confirmations.
My ideas that do not have Fibo level and is in general view are only to give you a view.
For this chart I will provide precise details if it follows my counting (in correction form) to get in the wave 5.

4 мая 2024 г.

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if it rise up to 2330, so this price break out can be a reliable confirmation for up ward trend.

4 мая 2024 г.

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But do not forget that we are in wave 5 and trading in this wave has many SL touching.

9 мая 2024 г.

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As you know most of 5 waves are aggressive and sharp and what is happening here is not like a wave 1,2 of wave 5. It might be wave B and we will have more corrections for the next week. I do not trust it until it passes 2430.

13 мая 2024 г.

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we can not decide about it till it passes 2380

14 мая 2024 г.

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ready to deep dive

22 мая 2024 г.

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I think red wave (B) was WXY and this wave (C) of wave 4 primary.
Forth waves are too tricky in Gold market.

23 мая 2024 г.

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we are in wave 3 of C of 4

24 мая 2024 г.

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Gold is done for this week.
Have a good weekend everyone.

24 мая 2024 г.

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It seems that wave 3 finished and wave 4 is in progress