Trading Signals | Metals | Swing | Elliott Wave

Trading Signals XAUUSD & XAGUSD Swing Elliott Wave

Trading Signals | Metals | Swing | Elliott Wave (Mar ’20)

Trading Signals | Metals | Swing | Elliott Wave

Market: Precious Metals
Signal Category: Swing
Direction: Bullish
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 | Metals | Summary

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)

*YouTube video coming up asap.

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 setting up for a bullish swing, in Intermediate (B) (red).

XAUUSD – Daily Chart (picture)

The pattern does seem like a Triangle, which could indicate a continuation, and more bearishness ahead.
However, a triangle symbolizes the end of a leg, appearing right before the actual change.
That it why, if moderate or conservative, it could be ok to wait, as metals could provide better entries.

Even so, Metals could prepare a “trick”, as the bottomed patterns do resemble a reversal scenario.
There is a realistic possibility that XAUUSD & XAGUSD could be spiking on the up-side.

On the Intraday Charts, XAUUSD has been labeled in a Double Three, with Minors W & X (turquoise) complete.
XAUUSD is now awaiting the trigger in the Running Flat structure, and the Fractal sequence.
XAGUSD however, looks more vulnerable, but with a bullish C leg pending.

To be noted that this bullish set-up on Metals is not “the one”, and, once in the green, precaution measures should be taken.

Trading Signals | Metals | Swing BUY Orders

XAUUSD – 2H Chart (picture)

Trading Signals | XAUUSD | BUY Orders

  • Aggressive Entry @ Market price (approx. 1515.00) with SL @ 1450.00

  • Moderate Entry @ 1495.00 with SL @ 1430.00

  • Conservative Entry @ 1455.00 with SL @ 1390.00

  • TP @ 1550.00 / 1585.00 / 1620.00 / 1650.00 / 1675.00

Safety measure: when in the green, moving SL to break-even.

XAUUSD – 2H Interactive Chart
(click to open)

XAGUSD – 2H Chart (picture)

Trading Signals | XAGUSD | BUY Orders

  • Aggressive Entry @ Market price (approx. 12.85) with SL @ 12.15

  • Moderate Entry @ 12.25 with SL @ 11.25

  • Conservative Entry @ 11.00 with SL @ 9.85

  • TP @ 13.75 / 14.50 / 15.00 / 15.40 / 15.90

Safety measure: when in the green, moving SL to break-even.

XAGUSD – 2H Interactive Chart
(click to open)

Ahoy my fellow trader,
Thank you for your interest in this article and the overall information I am proving.
Should you need any support or have any questions regarding the presented Wave Counts, please let me know.
I am most active and available via Telegram and Skype, feel free to shoot me a message.
As always,
Many pips ahead!

Fair warning and risk notice:
Trading CFDs or Foreign Exchange is risky and you should only invest what you can afford to lose, in a calculated manner.
All material presented by LEWA is not to be treated as investment advice and the analysis represents general market research.
Before you decide to take action, please be aware of the risks involved.
Trading is not for everyone and it should be treated with responsibility.
Besides a good strategy for a decent win over loss ratio, risk management is another key factor.