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Abcdchartpattern

Gold.... a new Dawn or just another Sunset ??An update of my October 14th note. Two Harmonic patterns still remain in force after recent challenges. (ABCD and Crab) Possible triple bottom in place around the $1620 area. We have effectively reached the first ABCD target. An arc has been added to give context and show support levels I should expect some retreat from Fridays $50+ rise, $1670 remains critical support for longer term appreciation. Supply resistance levels are $1680 and $1732. Miners should lag as their margins are under pressure and I expect year-end tax selling. But pay attention to the HUI, GDX and GDXJ. Jury is till out if this is a major reversal. If it is the there is no need for FOMO. Stay cautious and nibble. As always not investment advice and DYODD Good trading. S.
TVC:GOLD
by Steve666
3
SPX- surprise Rally aheadThe 5 th wave fall on 3rd Nov'22 had not moved down the index significantly. hence we must recall the wave count that ,the correction (5 wave downfall ) is completed in the form of a neutral triangle abcde. Provided the low of 3rd Nov'22 (3698) respected(should not break). If this is so, until 11th Nov, all 5 waves of Expanding triangle A,B,C,D,E has been completed, and a new recovery wave ABC (3 waves)will start. This may begin with a santa claus rally from 14th Nov'22
SP:SPXLong
by selvamB
3
GOING LONG IN XAUUSDI am taking a long position in the Gold pair because it created a new Higher Low (HL) after Higher High (HH) also according to the fib tool it takes a retracement of 0.236 level. It also makes an AB=CD Harmonic Pattern so hopefully, it will make a new Higher High (HH) by creating a CD Pattern with the same length as AB It also creates an Elliot Wave Cycle as a 0 to 1 Point is formed and from Point 1 to Point 2 it takes a 0.236 retracement now it will pump again to make a new Point which is 3
OANDA:XAUUSDLong
by hassamsaeed
LINKUSDT 2nd Bear LegAfter a recovery rally that reaches the upper trendline of the descending triangle, the price action appears to be printing a Head and Shoulders formation, the right shoulder can be formed after a possible reaction from the green box area (local support), then the price can turn to react to volume POC Level @ USDT6.4 which is the same level as the low of the September 1M inside bar Candlestick pattern. The decreasing breakout of the ascending micro wedge has placed the Fisher Transform oscillator in a bearish crossover, which suggests a possible 2nd leg swing below the entry POC. The previous swing made an ABC retracement of 0.549, which AB=CD (0,548 ==> 1,825) reciprocal points to a harmonic target @USDT4.9, being TP2 previously speculated with a 14.6% Fibonacci retracement at the key level.
Short
by firmestudio
Worries for XAUUSD BullsGood day traders, We see the XAUUSD/ #Gold respect our previous analysis , we now have a clear undrstanding of where the Gold commodity is headed. We believe that our next target is 1567 from which the price will begin to grow again. We are currently slightly oversold on the lower timeframes thus we anticipate a minor retracement. We can not confirm this retracement but can confirm that XAUUSD will remain bearish on the daily timeframe below 1600. What are your thought on this? Please share your thoughts below. Disclaimer NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
OANDA:XAUUSDShort
by Mezzoforte_Privilege
2