This is my Elliot wave counting for the gold on the second week of August. After a big decline of gold, there was a big correction pattern (A-B-C) after the bull run, and now the price is reaching a big resistance area. I think is forming a triangle pattern which is pretty attractive to trade on the upcoming week for breakout traders, it either can go up or down, let's wait for the move.
I personally use too in the analysis "NWOG" which is a ICT concept, and it's my favorite related to price action reading. Personally i don't use too much fair value gaps, only when the market is trending but when it's sideways I don't use it.
Thanks and I hope you like this idea.
Stay safe,
Sebastián.
I personally use too in the analysis "NWOG" which is a ICT concept, and it's my favorite related to price action reading. Personally i don't use too much fair value gaps, only when the market is trending but when it's sideways I don't use it.
Thanks and I hope you like this idea.
Stay safe,
Sebastián.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.