I see EU reaching the 1.1250 level (Blue Area) before any meaningful drop to test the broken level around 1.1090.

1.0460 is also the target for the forming Head and Shoulders if it breaks.

He means a gap in the chart. Very visible in M5 or M15.

What do you have for a TP?

Gold touched the 38.2 Fib (1827) retracement of the rise from 1616 and turned around higher. We may go to 1878 which is the 38.2 Fib retracement of the drop from 1959, before going down again, maybe to the 50% Fib at 1789.

I believe Gold is going to bottom around 1790 (50 Fib) or 1830 (38.2 Fib) then to 2000 and higher. But before that, it could test 1898 (38.2 Fib of the drop) and then go down.

HI Helioss. Where can I get the Delta Tick Pro indicator that you show in your graph? Thanks.

Where can we find it on TradingView? What is the name of it? Thanks.

Price is at a very important line that has proven to be very difficult to break since 2007. We could be in for a reversal here to test the 38.2% Fib at 1.0358. Attached is the Monthly chart.

107.46. 2 pips more than your target. A shark with a slightly thicker skin than normal. Excellent work, Ata.

You may very well be right. On the attached chart you can see that the 61.8% Fib retracement from the 1.0481 bottom to the Shark top projected at 1.0744, falls exactly on a strong Support/Resistance level at 1.0581 (Pink line).

Good morning Ata. What would be the implied target area of this Cypher or Shark formation? Thanks.

Hi. Can you please explain how to use this indicator. Can you set an alert on a hand drawn trendline? Thanks.

I agree with you. See attached Daily chart and the drop from 1.2270. We are now at a most crucial trendline. It is highly unlikely that it will be broken on the first try. Much more likely is a drop to the 38.2% retracement level (Blue zone) and ...

Hello Ajax. I like your Elliott wave studies. I would appreciate an update on the Gold chart. Thanks.

I think you mean 1825-1830

Retracement to the 1783 level is very possible before rising again. It would be roughly the 50% Fib retracement and a proven support/resistance level.

I am expecting a new high. In the monthly chart below, you can see it is forming a cup with handle formation. At some point, I expect a breakout to the upside. The reason is inflation. I believe the central banks are way behind the curve. They will ...

My same strategy... Fibs are amazing indeed. Many times I use the 61.8% Fib in a different way in order to foresee what the bottom or top of the move may be. In this particular case, since I expected a bounce to 1830 and I already had the top of the ...

I agree with you on everything you say. There is another important reason why the 1830 level might/should be touched: it is the 61.8% Fib retracement of the entire move down from 1877 to 1753. This, together with the strong December to February ...