perfectofx_

perfectofx_

Gold spot (XAUUSD) - price moves in side ways after previous impulse movement therefore after the completion of correction (retest) it may move to 1.618 fibonacci level.

perfectofx_

price seems to move aggressively hence we expect a correction movements before price to return to its main trend.

perfectofx_

Price in this pair tend to show strong bearish momentum, hence it has been rejected to the 0.5% fibonacci extension therefore the bear continues to drag the market up to to 1.68% fibonacci extension level. I recommend that if you want a safe trade to this pair to enter in the 0.78 fibonacci extension level as shown in the chart.... Goodluck

perfectofx_

price seems to break the downtrend and retest, hence these we expect the price to bounce to the 1.0% fibonacci level

perfectofx_

Here we see price is moving in bear market, so in this elliott wave setup we see price is in progess to complete large degree wave 3 (intermediate wave) and tthese intermediate is moving in a correction wave structure 5>3>5 as elliott wave theory describes them, therefore we expect price to reach 0.618% in fibonacci extension level (blue line) but before that it...

perfectofx_

We're in downtrend for this pair and price seems to respect trend ore then the mid range zones, so after NFP news released last Friday so we expect price this Monday should fall

perfectofx_

price seems to respect this down trend now we reached Lower High so next move to Lowe low

perfectofx_

the market seems to move in down trend hence we are on the correction