yann2zen

yann2zen Updated 

Well, I still maintain that gold is very bullish despite all these strong moves down. From what I have experienced with gold, after all these corrective moves, the trend will resume in a very fast manner and it would be hard to even find a setup or a pullback to join the trend. However, I think right now could be a good time to enter with minimal risk. I see many...

yann2zen

I don't trade GJ at all but I have been watching it for a few weeks now and I think it has a potential to go much lower from now. These 3 moves up seem to be an ABC which is corrective. After which an impulse should begin. Let's see how it goes.

yann2zen Updated 

As much as I am bullish on gold, this setup gives a good opportunity with RR, while I wait for a new move up. However, caution is the name of the game. Buyer could still come into the market anytime.

yann2zen Updated 

I have seen this before with gold... where we have a sharp move and then slowly resuming the overall trend. If my analysis is correct (although still learning the EWT) the move down that we saw last week was just a correction from the move that started on the 8th of August. And this move down almost reached wave 1, but did not. Which makes me think the bulls are...

yann2zen Updated 

Just like silver, gold has reacted with a nice bullish hammer which signals a potential upside move, but, as always, the market does it wants. Based on the overall trend though, I wouldn't look to sell for the time being.

yann2zen

By the looks of things, silver is ready to o higher. The structure (or Elliott Wave count) is indicating that the correction might be over and we already got a reaction to the upside. However it is not a given, the bears could still enter the market however I am siding with the bulls on this.

yann2zen

Silver seems to be forming a continuation pattern which aligns with the overall trend. I believe we will be seeing higher prices on silver pretty soon.

yann2zen

Dips continue being bought and here's another opportunity to join.

yann2zen

This is what I see on the charts, and this is what I will follow unless I get a different count and pattern.

yann2zen

Buying at current prices is risky, although there's no guarantee that price will dip but I'd rather wait and buy low with a small risk. Buy the dip would be my strategy if we get a pullback.

yann2zen Updated 

Although silver fell from previous levels, the overall trend is up, and I think the correction will soon be over.

yann2zen

That big daily candle yesterday changed my short term bias which was bearish. Gold broke an important resistance level and I think it's about to go up from here. I could be wrong though. Let's see...

yann2zen

Based on the pattern alone, I'd say XAUUSD has a bearish outlook but let's see how things go.

yann2zen Updated 

It's still too early however BTCUSD made a new high at around 73800. Now this drop to me seems corrective and has bounced at the fib golden ratio 0.618. I think it's worth keeping an eye on this pair for the next few days and maybe expect bulls to buy from the levels shown on the fib. With the DXY potentially declining, I think my bias is bullish on BTCUSD.

yann2zen Updated 

This looks like a good setup for buyers, let's see how it goes.

yann2zen Updated 

This is an important support from which we should see more buyers coming in. In smaller timeframes it might be bearish but I am still bullish on gold for the long term.

yann2zen Updated 

Silver has been pretty bullish recently and it only makes sense to follow the trend after a correction. There's still one resistance level to get through before confirming the move up.

yann2zen Updated 

This presents a good setup for bears with a good RR. The next few weeks should be interesting.