leeada2016

leeada2016

we are in wave c of wave 3 which withing is wave 5 possible completion of wave 3 that could see 2260. although 24% shallow retraces have been common within wave 3 2368 is that level before wave 5 of wave 5 of wave c completes likely at 2409 area. However can push 2440. Higher for gold still to come within this cycle.

leeada2016

The update on the bullish count is most likely still 2282 then targets of 2500. Even in this scenario, a correction will likely 38% 2230 area to be determined

leeada2016

clearer targets we are at 24% and within the channel of wave 3. Wave of this cycle maybe finished which can see 38% before 2409. If gold wants to stay in this channel this is level need to bounce from. Below channel 2282 is likely

leeada2016

gold could still want 2400 2409 area which is 1.27% another wave 5 within cycle count invalid below 2260 ish 50%

leeada2016

possible ending here meaning has to terminate below 2386. Although 1.27 at 2409 is still v possible on or near 1.27 extension

leeada2016

Fib targets as per expanding ending diag. And 3k is possible. First we are in wave 3 1.27 extension possible although it is above 110% and has many confluences but possible. Blue marked 1.27. Retrace yellow 62 to 78% has to travel into wave 1. And finally red target for wave 5 which is often most powerful up to 1.618% projection

leeada2016

wave 5 of wave x of wave 3 expanding diagonal 1.618 2365 2338 100% of 1 confluence at 2337 depending resistance it bounces at. At tl line and significant tl confluence at 2337 qould expect to see a wick on tl on higher tf

leeada2016 Updated 

gold now hit major tl good chance of rejection near looking for that retrace going 62% 78% 1990-40 area hard to predict yet 1980 most likely. With all time high target of 2600. Expanding ending diagonal as wave 3 is extending past wave 1. This is bearish scenario update. Bull is now looking more probable though.

leeada2016

Bullish scenario that can push for 2420 with a already bearish scenario shared. This is the alternative and gives the targets of 3k. diagonal has gone over 110% and this often fib target for wave 3 of a diag not to rule our 1.27 making hard to predict wave 5 but we see 2250 seems to be an important area. below 2140 this count is invalidated

leeada2016

Some possible targets and bullish scenario 28 significant resistance. Which lends support to higher gold we will see

leeada2016

gold update most likely count ending diagonal. Just completing wave 5 of c of wave 3. Wave c can reach 2300-20 area to be determined 110% extension at 2300 likely. Wave 4 back into territory of 1 62% 1980 target. Before wave 5 which can target 2460.

leeada2016

5th wave ending diag into c targetting 2310 max in this scenario. B would be very short but possible

leeada2016

update on ending diag 2300 area is mas in this scenario. We have divergence and expect 2110 at leat to be tested possible 2075 which is new support

leeada2016

bullish scenario which gives some high targets gold does like extending 5th. Although difficult i can see some impulsive counts. Although ending diagnonal is their over 2300 would see this count valid

leeada2016

bullish scenario. Seen on weekly candles. Which gives a target of 2600 thats both scenarios now covered. A test of 2075 before new highs. Below 1984 invalidates this count

leeada2016

renko is nice and gives bullish scenario which some of my bullish friends will like. A clear 5 wave 1 2 with a leading 1 2 inside a possible wave 3 that gives targets of 3k

leeada2016

5th wave of wave A complete into wave b which projects a possible 2210 area. But can get to 2075. before wave c of wave 5 around 2300. Pa after this will show either ending or leading. Only way to confirm this bull end id under 1615

leeada2016

end for gold? i fear it could be 2300 the new top. We could be heading into a bear market. Top of decades long trend line. Currently in an ending diagonal. possible 5th wave to 2250 ish before a drop to 2100 and toping at 2300. Low of 21-2075 will come best dip to buy imo. Short term tricky we may head to 2100 or push 2250 first as we have hidden divergence.