m0bh4y4t

m0bh4y4t

Market Context & Fundamental Overview Gold surged 4.85% last week, closing in on the critical $3,500 resistance zone, as the U.S. Dollar came under intense pressure. Key catalysts include: Moody’s Downgrade of U.S. credit outlook, driving the DXY below 100.00 Mounting concerns over fiscal stability as the $3.8 trillion tax bill advances to the Senate Long-dated...

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I wanted to share my latest analysis on XAU/USD based on recent price action and wave structure. Weekly Timeframe: The overall trend remains bullish, starting from the lows of 1600. This marks the beginning of Cycle Wave 3. We completed Primary Waves 1, 2, and 3 at the all-time high (ATH) and are now in a corrective Primary Wave 4 phase. Daily Timeframe: It...

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after nice drop from recent highs, can we expect more downside

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Currently in intermediate wave 5 of larger primary wave 5 looking to end around the 160

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In the weekly chart - 5 wave move up finished at 114.705. So looks like we are in some sort of corrective wave (w) (x) (y), by my calculations (w) still in play as the (red) a b are completed meaning we could be going into (red) c final leg down to complete wave (w) Anyhow - in the more near term - 1H is indicating to more upside too complete the...

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Nice clean moves on gold yesterday - Minor (green) 1&2 looks to completed Minuett (orange) wave moving into wave 5 to complet Minor wave 3 P.S Elliot waves are subjective all depends on where your wave count starts

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After a nice rejection from 2040-42 levels yesterday XAU wnet on to test 2030-25 levels finding short term support with US GDP data expected to come in 0.2% lower than expected so if GDP does print 3.1% XAU will find the impulse trigger buys to go and test 2040 levels once again trade safe

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After an impulsive wave down from 2030 on the release of HOT CPI data XAUUSD has completed a primary wave 3 and now seems to be in the early stages of Primary wave 4 safe sell zones will be on the break of today's lows and safe buys above 1993-94

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Gold had a nice Rejection from 2028-30 zone and finally Breaking 2020 support and gold went and found nice support around 2012-10 Asian and London session's has traded higher to go and test 2020-30. so will NYSE go and BREAK yesterdays lows?? best RR will be to sell from 2028-26 safest place to sell will be at the break of yesterdays lows the bullish scenario...

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on the 30min time-frame gold looks to holding 2020-18 level time to for a leg up to encourage the sellers back into the market to break 2020 and test 2015

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Higher degree signals we are in PRIMARY wave 2 as Primary wave 1 completed its 5 leg up from 09/2022 on the hourly from where primary wave 1 finished (188.55) we can see 5 wave down which ended in a leading diagonal for a intermediate wave A then up to retest the top to complete the intermediate wave B and now we are in the early stages of intermediate wave C...

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very choppy price action after a very impulsive move down from 2044 to 2019 price had been in correction phase trade with the waves down to 2027-25 zone then up too 2040 to finish the cycle and ready for next weeks drop to attack 2000

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if gold stays above 2032 and makes a nice impulse towards 2038 look for buys set ups DXY is in a minor pullback keep an eye on both

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if gold stays below 2028 look for gold rejection between 2025-22 SL below the recent swing low

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gold seems to collecting buy orders on a short term looking for gold buys to go and fill the imbalance

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-Leveraging gold's foundational support amid rising Middle East tensions under Biden's administration. - Anticipating an upward movement in gold prices, as it resisted breaking last week's lows, this cold influence Non-Farm Payrolls (NFP) and Federal Open Market Committee (FOMC). - The USD (DXY) at the beginning of the week exhibits signs of fatigue, adding to...

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Goldilocks - still stuck in a sideways movement, stay focused got a lot of landmines in the form of US red folder news this week

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very low volume at the moment stay adaptive and don't get caught in sideways movement