herdelphiniums
Details on chart. 2400, prev resistance turned support! GL.
Looks like a significant big bull flag on the daily. Wave Y clocked 1.618 of W, an ending diagonal was spotted with a nice breakout. We need to break this Kumo cloud, then dollar bulls are back.
I think we have one more leg up for wave 5 for this C leg before this ratio starts a new impulse if 5 waves down. So GOLD should head down for one more leg before we fire off.
Price has hit 1.618 of wave W, and at least a 0.7 % retracement of the previous impulse wave 3. We should be heading for parity after ECB today. GL!
We should be at wave 4 of the euro Ending Diagonal as we can see on the weekly chart. More downside for euro coming up!
Either we finished 5 or an ABC. If it's an ABC we could test 117x region before FOMC If it's a 5 waves complete, this correction may not be so deep. Either way we formed an Ending Diagonal and broke down. Sell into FOMC we should find bottom before the next decision day! GL
Details on chart! We see a clear failure to take out recent highs @1265, failure to break bear blue TL, more downside to go. Sell into next FOMC. not sure how deep we could go from here but first target at the end of the black channel. If it breaks more downside for gold.
More sell off coming once we break this black channel. GL
We finished 5 waves and a ABC correction. Price touched kijun on H4 and bounced. We should be in for the next 5 waves up! SL below 1245
We completed 5 waves down and an ABC almost a .382 retracement. It's time to slide ... SL abv the pin.
We should be bottoming soon. Looking for longs around 1217/6 if this black channel is supported.
We did a 0.7 retracement if the prev drop. We should be south bound soon.
If we hold this black channel, we should be done and this could be wave 2 of 5.