User
Write something
Gold - Following The Path
Date: 19/03/2026 In our last update we had clearly indicated that the Gold price movement was looking bearish. So far Gold seems to be following our highlighted path (You can check out our previous post) . Remember we are looking for a 5 wave structure on the downside to complete Wave C before we can look at building any long positions. Even though gold followed our scenario / path I did not encourage people to go short. I always prefer going with the larger trend. Now that we seem to have a fixed idea as to what Gold is doing we will be able to confidently build our longs when the time is right. The rally on the upside (once a base has formed) is going to be a big one this time Chart below
Gold - Following The Path
Gold - Current Scenario
Date: 15/03/2026 The price action on gold at the moment is looking bearish. The scenario I see that is most likely to play out is one that will take gold to lower targets of around 4500. Since this is a corrective and gold continues to be bullish in the long term I would not recommend trying to catch this move or go aggressively short. This move should be used to monitor where gold seems to be creating a base / bottom. Once that is in place, we will plan our long trades with a defined stop loss that we can use to hold our gold trade over an extended period of time. The last rally in gold was fairly quick and strong which is why this corrective period is acting not only as a price but as a time wise correction too. It's easy to get tempted during these times but I assure you patience has always yielded great dividends. Sharing the charts of my most probable count below.
Gold - Current Scenario
Gold Path
Date: 05/03 Again we seem to have found ourselves at a very important junction when it comes to the forward path Gold will take. With the current geo political instability that is going on, Gold began to show upside momentum but the main question still remains - Is this upside push a new rally? Or simply a pullback and prelude to a greater fall? Let's look at both possible scenarios Scenario 1 - As we can see that Gold has been moving in a channel. To play out the bearish side of possibilities Gold's price needs to convincingly break and sustain below this channel. If that happens, we can confirm that the entire rise we saw from the low of 4402 was in fact a corrective rise and our C leg of the correction will take prices down to 4500 - 4200 levels. Even though the overall tone for Gold and all metals is bullish - judging by the price action I am more inclined to believe that this rise is corrective in nature. Scenario 2 - Our bullish scenario is fairly simple. If Gold manage to move pas the top created earlier (5602) then we can be rest assured that our correction in fact did end at 4402 and we are well on our way to targets of 6000+. I would however wait till this level is crossed before taking any bullish positions as I'm not very convinced with the current price action for the bullish scenario. Overall we seem to be in a 'no trade' zone. We must wait before our levels are triggered in order to take a safe and well informed trade. A breakdown of the channel would indicate that one must use all pullbacks to sell for a target of 4500 - 4200. On the other hand, a break above 5602 means we must shift our outlook to "buy the dip" and use every dip to build our long positions for targets of 6000+ Charts below As a trial - I've also tried making this into a analysis video Would love to know which mode do you find easier to understand?
Poll
4 members have voted
US30/DJI - Important Update
Date: 09/03/2026 The current geopolitical scenario has created chaos around markets. Oil is spiking and markets are struggling to find a bottom. Where will this correction end? Are we close to the bottom or has the fall only just begun? The global markets are all on a very important cusp at this point. Most markets have broken their immediate supports and are showing no signs of slowing down. At this point the US markets entire structure depends on one point --> 45728 Below this level the overall count and structure of the US30 / DJI charts changes. Currently we are assuming the rise from this low is the first wave of the next impulse that completed at 49621. From this point we entered into a correction with an elongated Wave B. For this scenario and US30's bullish structure to remain intact it is paramount that we do not breach 45728. A breakdown from this level would mean that the correction we are witnessing is that which is correcting the impulse that begins from 38300 levels and that this current downfall has only begun. At this current time we have no reason to believe that these levels will break and so we are going to stick to our highlighted scenario at the moment and look out for reversal action around 46500 levels. For those trading the US30 / DJI I would recommend keeping positions light and towards the short side till 46500 levels are reached. Anyone risking catching the bottom please be aware that 45728 is the absolute stop loss for any kind of bullish trades for the US30. Charts + Video below
#XAUUSD
Gold (XAUUSD) β€” Impulse structure still respected πŸ” Wave 4 appears complete with a clean ABC correction into the 0.618 zone. Strong reaction confirms buyers defending structure. Now watching for continuation into wave 5 while risk remains clearly defined below the invalidation. Patience + structure = edge. πŸ“ˆ
#XAUUSD
1-30 of 32
Investor Edge Club
skool.com/investoredgeclub
Clarity. Confidence. Wealth. Proven trading & investing foundations with Elliott Wave insights
Leaderboard (30-day)
Powered by