leeada2016

leeada2016

2nd scenario and this seems to be one direction it is taking. 3300 has huge confluence. wave 4 here could touch 38% at 2990 area. was a reaction off 3k strong level now.

leeada2016

gold to hit 2056 maybe a push more we see before entering a possible triangle wave 4. Before wave 5 starts 3300 target

leeada2016

3k gold is proving a real resistance and wnt break easily. Will need support. wave 4 could go as low as 2780 -2815 area. before an attempt to break 3k which likely wont with 2955-85 holding and supported been tested at 2600-2539. This will be afrea to buy for a break of 3k and target of possibly 3500

leeada2016

dip due 1.618 possible 2770 before 3k and wave 4 that should be quite quick bk into area of 2600 solid support

leeada2016

possible abc forming a slight bearish alternarive but better entries for bull. wave 4 still shallow around 30%.

leeada2016

gold in wave 4 of wave 3 of larger wave 5. Flagging likely break out to 3k 3100 area with 2600 now solid support.

leeada2016

Gold looking like a flag abcde wave 4 alhough very shallow retrace for wave 4 at 30%. A good trade for bull sl below 2583 at this point invalid.

leeada2016

looks 3 wave corrective wave 4 into 2400 area for longs. A strong area of resisitance now will be support.

leeada2016

Could be a great set up as possible wave 2 not broke high. sl above last high if drop could reach 2300. a break higher can see 2800 tight sl

leeada2016

gold can go to 2700 before we see 38% retrace 2270 area v possible. then a possible wave 5 start. 2700 will be tested again and may fail with a higher target of 3200 before a bear market

leeada2016

broke out, however it aint going far. 2566 is one to watch with 2600-20 possible. We will see a shake out approaching 1.618 extension at 2566. Expectt a deep correction well overdue...

leeada2016

no sign of a drop at all. as per previous idea wave of wave 5. this could be a flag abcde or abc completed target 2600-20. If this does go higher expect a major turn in gold to bear is on...

leeada2016

gold coming to an end whichever scenario it takes. bear market due, this can go on but only with a drop now. if gold continues we will see 2700 maximum...

leeada2016

ok, this can go with seperate scenarios. we can see this as a wave 5 of 5 and extends. 2600 minimum with 2670 top end. This would be last high before major bear trend. However it could simply drop a target of 2260 38% would be minimum. above 2170 is possible. Below that we are deffo looking at 2000-1900. if 2170 isnt passed it can then test 3k if not 2670is...

leeada2016

end for gold bull, possibly. A count is place to argue it is ending. What is for sure a drop is due, over due with 2200 area been target. And a confirmation of bull count ending below 2170. we will see

leeada2016

still bearish. Most targetting 1.618 still not convinced by any impulsive count. No real bull til we retest break out 1980-60 area

leeada2016

seems we are in an wave b of larger wave a retraced so far 50%. Projection towards 2000 so far.

leeada2016

possible inner wave 1 2 c can go to 2360 currently 50% resistance. projection is giving 1800 as possible target next month will be bearish a matter of where support is found