The interesting thing is, the majority of that gold doesn’t even belong to England. At least 72 overseas central banks maintain gold accounts with the Bank of England. Germany: 438 tonnes, Austria 208 tonnes, Switzerland: 224 tonnes, Belgium: 200 tonnes etc
Re: Banzai's Trading System
52Gold is in a downtrend so the Volume Profile will look like that.
Re: Banzai's Trading System
53At the end of the day, it's easy to see.
We can short from Fibo 76.4% to Fibo 61.8%.
Short from Fibo 61.8% to Fibo 50%.
Short from Fibo 50% to Fibo 38.2%.
Short from Fibo 38.2% to Monday's daily low.
Oh well.
Re: Banzai's Trading System
54In a downtrend like Gold on Tuesday 10/21/25,
the idea is to let the prices go up to make a wick.
When the prices go down below the body of the previous H4 candle,
we go SHORT/SELL.
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Re: Banzai's Trading System
55Market Profile
Today Gold, Wednesday, 10/22/25
support and resistance lines came from previous days.
So we have to draw a bunch of support and resistance lines.
Re: Banzai's Trading System
56
Elliott Waves
According to this gold trader on Instagram,
we're in a bear triangle of Elliott Wave.
On Monday next week, we will be in a bear wave C.
If we use the "Market Profile.mq4" indicator, we can estimate that the prices will go down to the levels of 10/10/25 or 10/7/25.
Wave C should be lower than Wave A.
Don't forget to use a Stop Loss
If we use the "Market Profile.mq4" indicator, we can estimate that the prices will go down to the levels of 10/10/25 or 10/7/25.
Wave C should be lower than Wave A.
Don't forget to use a Stop Loss
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- kudrpenk, BeatlemaniaSA, mazibee
Re: Banzai's Trading System
57Weekly High Low indicator
Now that gold prices are so low,
we should turn on the ‘Weekly High Low’ indicator
and watch how the prices behave when they touch those lines.
Now that gold prices are so low,
we should turn on the ‘Weekly High Low’ indicator
and watch how the prices behave when they touch those lines.
Re: Banzai's Trading System
58
AFTER WAVE C
According to that webpage,
After wave C, we go LONG when RSI(3) crosses up level 30 in the H1 chart.
From wave C, we move in a zigzag pattern up to the level of wave A.
Then, another zigzag move takes us up to the level of wave B.
After that, we continue the zigzag rise toward the all-time high (around $4,381.64).
And from there — we go to the moon!
Also draw a Fibonacci retractment from the ATH to the low of wave C.
Best way is to BUY only.
Code: Select all
https://mtpredictor.com/elliott-wave-c-theory/After wave C, we go LONG when RSI(3) crosses up level 30 in the H1 chart.
From wave C, we move in a zigzag pattern up to the level of wave A.
Then, another zigzag move takes us up to the level of wave B.
After that, we continue the zigzag rise toward the all-time high (around $4,381.64).
Also draw a Fibonacci retractment from the ATH to the low of wave C.
Best way is to BUY only.
Re: Banzai's Trading System
59GOLD Elliott Wave template
Here's the GOLD Elliott Wave template.
Hope it works on your computers.
Hope it works on your computers.
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