Friday, February 7, 2020

The XAU/USD pair is in correction, still likely to grow Estimated pivot point is at a level of 1511
Main scenario: long positions will be relevant above the level of $1511 with a target of $1650 – $1700 once the correction has formed.
Alternative scenario: breakout and consolidation below the level of $1511 will allow the pair to continue declining to the levels of $1480 – $1450.
Analysis: Supposedly, wave (B) of senior level continues developing on the weekly time frame, with an ascending impulse developing inside as wave C of (B). Apparently, the fifth wave v of C is developing on the daily time frame, with wave (i) of v formed inside. On the H4 time frame, presumably, a local correction continues developing as wave (ii) with wave c of (ii) forming inside. If the presumption is correct, the price will continue to rise to the levels $1650 – $1700 after correction. The level of $1511 is critical in this scenario as the breakout will enable the pair to continue declining to the levels of $1480 – $1450

BUY GOLD AND SILVER CALL

[17/09, 6:55 PM] vstradingsystem: Buy gold 51200-100 SL 51100 target holding call 52000-52200 [17/09, 6:56 PM] vstradingsystem: Buy silver 6...