Trading Signals | Gold & Silver | Swing | Elliott Wave (April ’20)
Market Crash Sequence | Precious Metals
Trading Signals | Gold & Silver | Swing | Elliott Wave (April ’20)
Market: Precious Metals
Symbol: XAU/USD | XAG/USD
Signal Category: Swing
Direction: Bearish
Order Type: Market / Limit
(Entry / Stop Loss / Take Profit)
The following trading signals on the Precious Metals has been posted in the “Trading Signals” section.
Trading Signals | Gold & Silver | Summary
Trading Signals on Gold & Silver went very well recently, with the previous articles on track, thus gaining momentum for the next run.
- “XAU & XAG | Day Trading | Buy Orders | Nov 2019”
Ending Diagonal bullish set-up. - “Trading Signals | Metals | Swing | Elliott Wave”
Retest after the Reversal.
Now it's time to rumble!
Indices have been tanking, stocks plummeting, the markets have been going into a wild whirlpool.
Only the knowledgeable will gain form this Market Crash sequence.
Bird's Eye View on Gold?
Of course! What did you think, I would be posting just another article on how to trade Gold?
Oh NO! This is much more than that.
Everything that I’m publishing is for and with the traders.
A good idea would be to catch up on my thoughts, best way to do that would be over a video.
Don’t worry, I got that covered!
Can you see the flow?
“Precious Metals reached the tops in the middle of March. 2020.
That was labeled as a Intermediate (C) (green) top, of a Running Flat overshoot.
See if you can keep up with this wave count on the Weekly!?”
XAUUSD – Weekly Chart (picture)
XAUUSD – Daily Chart (picture)
The VIX spike caused serious damage for metals, a result of Indices crashing and investors running for margins, hence selling safe-haven.
Intermediate (A) (red) has reached the previous lower degree correction, and now retesting the tops in Intermediate (B) (red).
Levels in Focus?
Bearish Levels: $1700
Bullish Levels: $1400
XAUUSD – Daily Chart (picture)
Silver (XAGUSD) fell off the cliff, with Primary C (turquoise) causing serious “damage”.
However, a Bullish Divergence combined with an Ending Diagonal is “no joke”.
Something BIG is coming…
Trading Signals | Gold & Silver | Elliott Wave Analysis
Intermediate (B) (red) has been labeled in a Triple Three, with a Double Top overshoot.
The 88.6% Fibonacci Retracements of Intermediate (A) (red) have been tagged as well.
It is now all about the expected Ending Diagonal in Minor Z (purple).
Gold & Silver could be poised for a significant dip, as the Bearish Divergence is “lurking in the shadows”.
But after that, it’s all bull…
BUY & SELL Levels?
Trading Signals | Gold & Silver | Entry-SL-TP
XAUUSD – 2H Chart (picture)
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