Trading Signals | Gold & Silver | Swing | Elliott Wave (April ’20)

Market Crash Sequence | Precious Metals

Trading Signals | Gold & Silver | Swing | Elliott Wave (April ’20)

Market: Precious Metals
Symbol: XAU/USD | XAG/USD
Signal Category: Swing
Direction: Bearish
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 | Gold & Silver | Summary

Trading Signals on Gold & Silver went very well recently, with the previous articles on track, thus gaining momentum for the next run.

“XAU & XAG | Day Trading | Buy Orders | Nov 2019”
Ending Diagonal bullish set-up.
“Trading Signals | Metals | Swing | Elliott Wave”
Retest after the Reversal.

Now it's time to rumble!

Indices have been tanking, stocks plummeting, the markets have been going into a wild whirlpool.
Only the knowledgeable will gain form this Market Crash sequence.

Bird's Eye View on Gold?

Of course! What did you think, I would be posting just another article on how to trade Gold?
Oh NO! This is much more than that.

Everything that I’m publishing is for and with the traders.
A good idea would be to catch up on my thoughts, best way to do that would be over a video.
Don’t worry, I got that covered!

Can you see the flow?

“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)

XAUUSD – Daily Chart (picture)

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 retesting the tops in Intermediate (B) (red).

Levels in Focus?

Bearish Levels: $1700
Bullish Levels: $1400

XAUUSD – Daily Chart (picture)

Silver (XAGUSD) fell off the cliff, with Primary C (turquoise) causing serious “damage”.
However, a Bullish Divergence combined with an Ending Diagonal is “no joke”.

Something BIG is coming…

Trading Signals | Gold & Silver | Elliott Wave Analysis

Intermediate (B) (red) has been labeled in a Triple Three, with a Double Top overshoot.
The 88.6% Fibonacci Retracements of Intermediate (A) (red) have been tagged as well.
It is now all about the expected Ending Diagonal in Minor Z (purple).

Gold & Silver could be poised for a significant dip, as the Bearish Divergence is “lurking in the shadows”.
But after that, it’s all bull…

BUY & SELL Levels?

Trading Signals | Gold & Silver | Entry-SL-TP

XAUUSD – 2H Chart (picture)

[wcm_restrict plans=”resident_membership”]

Trading Signals | XAUUSD | SELL Orders

Aggressive Entry @ Market price (approx. 1650.00) with SL @ 1715.00
Moderate Entry @ 1700.00 with SL @ 1770.00
Conservative Entry @ 1745.00 with SL @ 1815.00
TP @ 1620.00 / 1585.00 / 1540.00 / 1510.00 / 1490.00 / 1435.00

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 | SELL Orders

Aggressive Entry @ Market price (approx. 15.00) with SL @ 16.10
Moderate Entry @ 16.00 with SL @ 17.10
Conservative Entry @ 16.90 with SL @ 18.25
TP @ 14.20 / 14.00 / 13.40 / 13.00 / 12.40 / 12.00 / 11.40 / 11.20

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 in regards to 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!
Richard

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.

[/wcm_restrict]

[wcm_nonmember plans=”resident_membership”]