With every impulse we enter the exhaustion phase. Ahead of the possible future impulse, seeing a nice exhaustion back to the 1305.5 level for the breakout of the previous monthly high/monthly open.
Very powerful, very elusive in the forex world. Massive run on gold signifying the risk on situation in the US.
Looking forward to some continuation on gold for further weakness as the dollar strength still defies the odds. Following the ABC correction we are looking for the possible 2-3 impulse wave of the Elliott Wave. Could see a possible touch of 1303.75 to start the week before heading down to the 1.618 extension around 1276.75.
Like clockwork. Possible macro move on AU here. TP levels at key sentiment levels marked as follows. Just because there's a full possibility doesn't mean price will always reach full TP. There are multiple key levels to watch for PA.