Elliott Wave Monitor
GOLD - 4 HOUR
Kindly note, everyone: It’s important to distinguish between analysis and actual trading.
Analysis is based on possible scenarios, not on specific entry or exit points.
For example, in this analysis, gold is expected to surpass the 3819.49 level.
If the price fails to break this level, it does not mean that Elliott Wave Theory is wrong; it simply means that the technical condition has not been met yet.
As for our approach at EWM, we Do Not trade on the 4-hour or 1-hour timeframes.
We primarily trade on the 30-minute timeframe, and sometimes we confirm our decisions on the 15-minute timeframe.
Analysis is based on possible scenarios, not on specific entry or exit points.
For example, in this analysis, gold is expected to surpass the 3819.49 level.
If the price fails to break this level, it does not mean that Elliott Wave Theory is wrong; it simply means that the technical condition has not been met yet.
As for our approach at EWM, we Do Not trade on the 4-hour or 1-hour timeframes.
We primarily trade on the 30-minute timeframe, and sometimes we confirm our decisions on the 15-minute timeframe.
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Who Joined Us In The GOLD Trades?
Anonymous Poll
42%
I joined The Trades
15%
I Was Hesitant & Didn't Enter
43%
I Didn't Enter
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There’s a potential trade setup on GOLD — Be ready within 30 minutes.
If the signal is confirmed on the next 30-minute candle.
We will ENTER the trade immediately.
If the signal is confirmed on the next 30-minute candle.
We will ENTER the trade immediately.
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Elliott Wave Monitor
YEARLY
Wave 3 Cannot Be The Shortest Impulse Wave But Does Not Have To Be The Longest
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We want to enter a trade on GOLD, but each candle on the 5-minute timeframe is about 140 pips.
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The best trading lessons come from your own trades, especially the losing ones.
▪️We entered a sell trade on gold, but the stop loss was huge, 90 pips!
▪️Our trading rules clearly say: never enter a trade with a stop loss above 30 pips.
▪️But the strong momentum fooled us… and the result?
Another valuable lesson.
▪️Never break your strategy, even if you’re sure about the direction.
▪️Trading isn’t constant profit, losses are part of the game.
▪️The real skill isn’t avoiding losses… it’s losing less than you win.
▫️Discipline isn’t optional, it’s what separates amateurs from professionals.
▪️We entered a sell trade on gold, but the stop loss was huge, 90 pips!
▪️Our trading rules clearly say: never enter a trade with a stop loss above 30 pips.
▪️But the strong momentum fooled us… and the result?
Another valuable lesson.
▪️Never break your strategy, even if you’re sure about the direction.
▪️Trading isn’t constant profit, losses are part of the game.
▪️The real skill isn’t avoiding losses… it’s losing less than you win.
▫️Discipline isn’t optional, it’s what separates amateurs from professionals.
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