4hr triangle short term target expect some play on this triangle before break up waiting for dxy to begin big drop
v nice rejection weekly is looking perfect, caution 4hr daily showing some bear divergences 55-60 should hold especially on a weekly basis. Same plan buy dips main target is 2500 mid term 2075-2300
cycle still in progress primary count as of now i am unsure if this will be converging ending diag or expanding likely converging time will tell
lovely drop has certainly managed to create the bearishly sentiment meanwhile volume was v low on drop and picked liquidity which will see us to new highs in the coming months. 2022 could be the last year of this bullish cycle next up should show more how high it can end 2400-2500 is looking more realistic with the info available.
enjoy just for fun ha ha once it peels then it will get very slippery
for perspective often seeing different perspectives to normal can be enlightening
nfp caused a nice drop hopefully changing sentiment for many to bearish. Plan remains the same short term remains to be seen we can play here rest of year or rocket. The bigger picture is perfect for a bull that will last another 2 years give or take, at which point we can see the possibility of bears for real.
Not much to offer in terms of updates for gold remains the same buy and hold this could be a case that we take rest of year to test previous high or we see an impulsive within August seasonally v bullish Month.
same plan broke back through resistance now retested 1870 should be tested within the next 2 weeks
nice retest of bo. and strong support we go back to test 1900 and create right shoulder of continuation ihs
i believe we can see this over next 2 years... ending diagonal scenario
the same idea expect a few hunts this year how quickly we can move up is another matter, it may be quick it may take the rest of the year to break 2075 again. Can we mimick 2008? i suspect we can do better but 2300 is a nice target for now
slower process this time 5th waves take longer cycle lasting 7 year minimum suggests we can see it end in 2022-23