Gold rally a few days away, taking a look at possible future dvt

FX:XAUUSD   黄金/美元
572 0
Good morning,

I was recently asked a question how to see a difference between an X wave and a trend continuation. For instance, with the multi-month decline in Gold almost complete, how do we know that the advance out of the lows that will start in a few days will still be part of a correction?

A possible answer to this - the full correction needs to demonstrate sufficient struggle between bears and bulls. Even if we have a three wave structure in a correction, but it is mostly selling or buying to the trendline , then it's most likely just a Y wave, which will be followed by a disruptive X wave, but which in its turn will be followed by a W wave. I think we are going to have this setup in Gold . Please take a look at a structure formed in 1980-1984 to see an example of a complete correction. Note however, than even if the structure is complete from the "bull-bear struggle" perspective, it does not guarantee trend resumption which was due in 1984, but I suspect it is one of the prerequisites for it to happen.

Anyway, back to Gold , present time: I think the advance in Gold will start the week after XMas , once we see the last low in EUR (the last high in DXY ). Patience until then.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出