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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?
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#XAUUSD
Gold (XAUUSD) — Impulse structure still respected 🔍 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. 📈
#XAUUSD
Stock Update II: Netflix
Date: 02/03/26 Just dropping a quick update on our Netflix stock pick. It seems that Netflix has bounced really well from our buy zone. Currently sitting at 96.24 (20% up from our buy zone) it seems like we've got this count spot on so far. The price is demonstrating all the behaviours of a 5th wave and is following all our Elliot rules as well. There was clearly no overlap with our stop loss of 69 (price moved from 75 levels) and the 5th wave that seems to have begun is moving fast and in gaps (currently in w3 of the 5th Wave). Let's see how this week plays out and lets keep an eye on if Netflix is coming back to fill the gaps it leaves on the charts or is gapping up and making green candles. That will give us an indication as to whether Netflix will rush to 130+ levels in a quick straight line or will grind out the journey slowly. For traders I always recommend trailing your longs and booking partial profits wherever you seem appropriate. A 20% move in such quick succession usually calls for some profit booking even though our targets of 130 are very much intact. For investors trading directly in the stock - our stop loss is now going to be pushed up to 75 (from 69). the 75 level now has absolutely no reason to be breached. We will keep raising our stop loss as the price rises as well. Charts attached below
Stock Update II: Netflix
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