mburunjoba

mburunjoba

XAUUSD is in sideways consolidation with multiple swing opportunities

mburunjoba

While i do not trade the DXY, i do track it to support my trading bias. I have recently taken in to Elliot wave analysis for market structure and geometry purposes. This is my analysis showing the potential end of an impulsive wave in to an ABC corrective phase.

mburunjoba

Further analysis on XAUUSD Retracement leg before final push lower for 5th Elliot wave leg

mburunjoba

I expect XAUUSD to continue bearish with USDX bullish momentum. Looks to be in a deep bearish retracement which should have EMA death cross occur as indicated.

mburunjoba

Intraday analysis for Wk 17 XAUUSD Wk17.3 15min and 1hr

mburunjoba

I am new to publishing ideas so the chart is not very neat. My Wk16 analysis followed as expected. Wk17 analysis should be viewed on H1, H4 and D Daily chart view will show confluence of 0.382 retracement and 50% of range identified. I expect markets to rally and then go long from here. Still too early to predict long term trend.

mburunjoba

Short for near future duration before going long as seen in the analysis