GOLD (XAUUSD) - NEW SWING IDEA

26 Feb 2021

After we reached the target at 1740 and 1720 (1740 - 1680 area ) from my previus idea (attached here), I would say that a beautiful wave 4 made of an inside ABCDE ( 3 3 3 3 3 waves) strucure might be in competition (or already completed), in that mentioned area.

But looking at the formation of this last leg down I would say that this could looks also as a wave 3 (wave 3, YES!! :D ), so I'm starting to play around this new exciting big idea and i drawed the extensions and retracements aaaaand...
here is the idea: a formation of 3 3 5 waves in wich we are into the wave 3!!!!!

This wouldnt have any impact in the bull count of the gigantic wave 4 before the last up move, so would be completely possibile in a bull scenario. Enjoy!

26 Feb 2021

Nota

3 Mac 2021

Nota

the light-blue ABC in this screenshot might be realistic too:

17 Mac 2021

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updates of a possibile path:

18 Mac 2021

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?

19 Mac 2021

Nota

Next move?

19 Mac 2021

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Possibile candidates of PRZ for potential shorts are: 1745, 1750-52, 1761

29 Mac 2021

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Expecting this at the moment:

29 Mac 2021

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hedged at 1706, lets see if will goes up to 1760 - 80 area:

29 Mac 2021

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31 Mac 2021

Nota

The above two comments has been revealed as wrong counts by the price action of yesterday. This is the new possibile one: if this is correct we should see a corrective wave 4 between 1691 and and 1704 and another leg down to 1670 - 40 area.

31 Mac 2021

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:D lets see now if wave 4 will be validated, in the meantime i'm full hedged at 1699.

31 Mac 2021

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Wait wait... this up move gone too high, we are in 5 up: soon i will post a new idea. I think we are heading to 1750 - 80 with a 5 3 5 ABC wave that would be a bigger C into a megarange move inside a 4.

31 Mac 2021

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WAIT (again)... 5 waves up may already done! In this case we will retrace from here:
so this could be the next shape.

2 Apr 2021

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I'm start to thinking that this idea doesnt matches with a correct count of the waves and subwaves. Something doesnt matches with measures, rules and PA considering the count of the big 5 waves down. So i will post a new one soon.

2 Apr 2021

Nota

This one (referring the move from 1850 to 1676) instead, perfectly matches with all the rules (also counting all subwaves inside that i have on other charts, ando considering the porportions beetween the inner main legs):

8 Apr 2021

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This idea is not more valid for me, new one here: