Hi Traders,
Gold is still bullish in the long run. I'm looking for price to test its all time high at 1920 and thereby make the case for a ABC regular flat. My view is that we will see the final five waves before price reaches the all time high.
Look for long setups and keep buying the pullbacks.
Regards
Wave Theorist
Hi Traders,
Gold is currently retesting key resistance between $1482 and $1487. I'm looking at this corrective structure as a triple three - X1 is showing an expanding flat whilst X2 is a regular flat. I'm expecting price to make one more push to the upside (to complete wave Z) and reverse between $1491 and $1499.
Regards,
Wave Theorist
In the past couple of sessions, price dipped from $1514 to $1450 and is now suggesting either a regular or expanding flat (this is confirmed by price pushing below the previous low). At current levels, price is now forming an ending diagonal sequence this usually indicates reversal. We also have divergence on the RSI to support the ending diagonal reversal....
Hi to Every one :::: !!!!
On Monthly Chart We in Correction
ABC Where A is Complete
We are in middle of B Wave of Correction at moment
B = ABC
Where Sub wave A is Complete and We are Positioning ourselves in B at this moment
Division of sub Wave B is below :::
B = ABC ( mini waves )
Where A and B are Complete
Now we are left with last mini wave C Of...
