Gold XAU Outlook for the coming swing: $XAU
I believe it will first move to below 4288, and that a B-wave correction will unfold starting from around 4700;
I believe that once it breaks below 4288, it won’t go too far—at most it will reach the 4230–4206 area, where a C-wave rebound and rise can occur, and then it will go up once more to above 4700;
I believe the prior low at 3948 is not the correction low of the main structure’s 4th wave. To kick off the upward 5-wave move, price needs to drop again below 3948 first, and then comes the main rally 5th wave;
Trading plan:
1、First break below 4288—go boldly long (buy low) in the 4230–4206 zone. This leg may be able to reach above 4700;
2、If the scenario in (1) plays out, then after reaching above 4700 there will be another long opportunity to open a short. The short entries are at 4776 and 4886, and this leg may reach below 3948;
3、For the long-term bullish view—such as physical gold, gold futures, spot gold, etc.—this is an excellent time to enter on dips. This wave can reach new highs, above 5600, with the ultimate target around 7000;
4、Of course, there is an extremely small probability of a blow-through “runaway” 5-wave, which would directly surge and break above 4700. If that happens, wait for the pullback, then buy on the second entry (the “2nd buy”).
The script is already written. Everyone is welcome to record the time, the levels, and the direction of the move. Now let time prove it!
#CPI数据来袭能否触发9月加息
I believe it will first move to below 4288, and that a B-wave correction will unfold starting from around 4700;
I believe that once it breaks below 4288, it won’t go too far—at most it will reach the 4230–4206 area, where a C-wave rebound and rise can occur, and then it will go up once more to above 4700;
I believe the prior low at 3948 is not the correction low of the main structure’s 4th wave. To kick off the upward 5-wave move, price needs to drop again below 3948 first, and then comes the main rally 5th wave;
Trading plan:
1、First break below 4288—go boldly long (buy low) in the 4230–4206 zone. This leg may be able to reach above 4700;
2、If the scenario in (1) plays out, then after reaching above 4700 there will be another long opportunity to open a short. The short entries are at 4776 and 4886, and this leg may reach below 3948;
3、For the long-term bullish view—such as physical gold, gold futures, spot gold, etc.—this is an excellent time to enter on dips. This wave can reach new highs, above 5600, with the ultimate target around 7000;
4、Of course, there is an extremely small probability of a blow-through “runaway” 5-wave, which would directly surge and break above 4700. If that happens, wait for the pullback, then buy on the second entry (the “2nd buy”).
The script is already written. Everyone is welcome to record the time, the levels, and the direction of the move. Now let time prove it!
#CPI数据来袭能否触发9月加息
