ProfissionalGoldHntryhunter

ProfissionalGoldHntryhunter Updated 

the market to drop (bearish). Here's an explanation of the chart from my perspective: Market Movement: The price has risen sharply, but it is now sitting at a resistance level (a strong point that the price might struggle to break). It’s likely that this upward movement is temporary. Moving Averages: The yellow line (long-term moving average) shows the general...

ProfissionalGoldHntryhunter Updated 

Harmonic Analysis: The GBP/AUD chart suggests the possibility of a "Bat Pattern" or "Crab Pattern," with the D point approaching. The market is currently near the lower trendline of the ascending channel, which could act as a critical "reversal" zone. Opportunities and Risks: Opportunity: If the D point (support at 1.9940) holds, GBP/AUD could rebound and move...

ProfissionalGoldHntryhunter Updated 

Current Market: Bearish (Downtrend) The market is currently moving downward from Point C towards Point D, indicating a bearish trend because: Price movement is consistently heading lower. A bearish market reflects that sellers are stronger than buyers at this stage. Point D is located at a critical level, the 127% Fibonacci extension of BC, which is where a...

ProfissionalGoldHntryhunter

Analysis: AB = 78.6% Retracement: This indicates that the AB leg was a deep retracement, forming the basis for the harmonic pattern. A deep retracement like 78.6% usually means the likelihood of a significant reversal increases when the D point is reached. BC = 123.6% Extension: The BC leg is extended, meaning the BC movement is wide. This could indicate that...

ProfissionalGoldHntryhunter

appears to be forming a harmonic pattern. Based on AB = 50% and BC = 161.8%, we expect the DXY to reach the D Point, where a significant reversal or continuation of the trend could occur. AB Leg: The DXY retraced 50% Fibonacci retracement, confirming a solid start to the harmonic structure. BC Leg: The second move (BC) extended to 161.8% Fibonacci extension, which...

ProfissionalGoldHntryhunter

Harmonic Analysis: The GBP/JPY chart clearly shows a "Shark Pattern," with the D point nearing completion at the 197.1 to 197.5 zone. This Shark pattern suggests that if the D point is reached, the market might face a downward move or reversal. Opportunities and Risks: Opportunity: If GBP/JPY reaches 197.1-197.5 (the D point), a reversal to the downside could...

ProfissionalGoldHntryhunter

Looking at this chart, I can clearly see a harmonic pattern forming with the key points X, A, B, C, and D. This is a structured pattern that helps identify potential reversal zones in the market based on Fibonacci levels. What I Observe in the Chart: Pattern Formation: The price movement has formed a harmonic structure starting from X down to A, retracing back...

ProfissionalGoldHntryhunter

According to the XAU/USD (Gold Spot) chart I analyzed, I can see sequential patterns and structures that help in market analysis. There are several important elements visible that can indicate the market's direction: Harmonic Patterns: The chart shows harmonic patterns like Gartley or Bat, labeled as XABCD. These patterns often indicate areas where the market may...

ProfissionalGoldHntryhunter

1. Current Market Situation (Wave 3): The market is currently in Wave 3, which is usually the strongest and longest wave in Elliott Wave Theory. Wave 3 is known for its powerful upward movement. This is typically the wave where most traders and investors jump in, creating significant momentum. 2. Approaching the End of Wave 3: Right now, Wave 3 doesn’t seem fully...

ProfissionalGoldHntryhunter

The point marked "C" seems to represent the lowest point within a symmetrical triangle pattern. This indicates price consolidation between the support and resistance lines. Currently, the price has broken above the lower boundary of the triangle and appears to be moving upwards. This could signal a breakout to the upside, especially if it’s a confirmed breakout...

ProfissionalGoldHntryhunter

1.Elliott Wave Pattern: The chart appears to follow an Elliott Wave structure, with waves labeled as a, b, and c in pink, likely indicating a corrective wave sequence. Additional waves labeled (W) and (X) in green suggest a complex correction or continuation pattern. 2.Trend Channels: Two prominent trend channels are marked: A descending green channel that...

ProfissionalGoldHntryhunter

1.Elliott Wave Pattern: The chart appears to follow an Elliott Wave structure, with waves labeled as a, b, and c in pink, likely indicating a corrective wave sequence. Additional waves labeled (W) and (X) in green suggest a complex correction or continuation pattern. 2.Trend Channels: Two prominent trend channels are marked: A descending green channel that...

ProfissionalGoldHntryhunter

Analysis Using Fibonacci Retracement Levels The chart indicates key Fibonacci levels (23.6%, 38.2%, 50%, 61.8%, and 100%). These levels are commonly used to identify potential support and resistance areas. The price is currently hovering around the 100% retracement level (2,613). This suggests the market has retraced fully from the most recent move. 90% Level...

ProfissionalGoldHntryhunter

Analysis: The point marked "C" seems to represent the lowest point within a symmetrical triangle pattern. This indicates price consolidation between the support and resistance lines. Currently, the price has broken above the lower boundary of the triangle and appears to be moving upwards. This could signal a breakout to the upside, especially if it’s a confirmed...

ProfissionalGoldHntryhunter

The moment the trendline breaks in the market, it's a sell signa