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By tradinglounge · Posted
Gold Elliott Wave Technical Analysis Function - Counter-Trend Mode - Corrective Structure - Triangle for wave 4 Position -Wave 4 Direction - Wave 4 is still in play Details - Gold completes a triangle for wave 4. Thus, the commodity favors the upside in wave 5 if it escapes the trappings of the congestion. Invalidation remains at 2287.34 Gold has been sideways for over 11 weeks after retracing the bullish trend that started in October 2023. Meanwhile, the commodity is expected to break to the upside to continue the trend. On the daily chart, a bullish impulse wave pattern emerged from September 2022 where the supercycle wave (IV) ended at 1616.9, From there, the supercycle wave (V) began. Wave I of (V) ended in May 2023 at 2081.8 before pulling back in wave II of (V) which ended at 1810.58 in October 2023. From October 2023 at 1810, wave III of (V) began and has since seen the commodity to fresh highs multiple times in the year 2024. Price is currently in wave 4 of (3) of III of (V) which has not completed a triangle pattern typical of 4th waves. Wave 5 of (3) is now expected to emerge upside toward 2576-2749. On the H4 chart, the sub-waves of wave 4 are in a triangle sideways structure. Alternatively, it could be a double zigzag if the price breaches the triangle invalidation level at 2287.34. However, if the price remains above the invalidation level and breaks outside of the triangle, then we can expect the sub-waves of wave 5 to emerge into either an impulse wave or an ending diagonal pattern. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here! -
By XTRAVAGANZA · Posted
Love how this cex is giving back to the community by providing a platform to connect, learn, and grow. Free insider knowledge, networking with crypto leaders, and exploring DeFi trends, Plus, some sweet BitgetBlue merch on top, This is a can't-miss event for any crypto enthusiast in the Balkans. -
By johnnywalker · Posted
Great, thanks for your answer @KoketsoIG, So IG would automatically hold back 15% dividend withholding tax on the dividend ex-date? I would then need to complete a W8BEN form to submit to IG on an annual basis?
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Question
smu11en
I just went long on some fairly illiquid shares in the FTSE in expectation of a hike in the share price when earnings are release tomorrow am. It's showing that I have a £45 loss next to it and the share price hasn't moved. Does anyone know why that is?
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