cup and pattern upwards movement.
sideways movement before going to the most upper resistance again
we are either in wave 3 or wave 1,the correction waves are a bit unclear. trend is up though
1235 has to break to continue this uptrend short term.
wave should finish above 1230. correction wave together with us data
we are still looking short for EURUSD
if the support is holding we can possibly see another upwards wave
we have finished the 5th wave nicely yesterday. It seems like we are in the correction wave with a powerful A. B can be as low as the low from yesterday
looks like NUGT is making itself ready for bottom forming
wave 5 can be set with the 1220 test, how ever i prefer to see 1213 as the bottom
bullish flag can break out during economic data from US tomorrow
the upcoming support for gold will be extremely important.