One more leg down to finish the 3 wave correction. Long position is recommended.
Gold still bullish. We dont know how high it can go but my least expectation is 2300. Be mindful also of the alternate count, if we cannot break 2015 in multiple attempts then it is likely that the alternate will play out.
This s a great opportunity to for long if it gives us a nice 3 wave correction.
Our set up last night is still valid. It could do a tringle or Flat correction
Since DXY is making a correction, a possibility of extended correction on this pair seems logical. So be mindful of your entries, wait for the correction to finish and then we ride next impulse to finish the 5ft wave.
Wave 4 is currently on play which is a great opportunity to enter a long or add to existing long. Wave 5 will be impulsive and im expecting wave 5 to go beyond 2100 since 5ft wave of commodities always extends. This downward pressure is very logical since the DXY is bound for correction. Stay long for we are in a bull market. I dont recommend shorting gold.
Currently doing and ABC correction. Strong impulse upward after c is finished. Stay long
Gold can retrace deeper at 1845
I belive the correction is now finished. We wait for 3 waves down then we take long.
Currently forming an ABC. We can go long after the c is finished
wave iv extended but the count still valid as long as price is about 109.150
This pair still very bullish, target is 111 - 111.5 for 5ft wave before a dip correction. Check my previous post on USDJPY
Stay long on gold. Ignore all sell signal and news and analysis. 2200 is target for the year before making a dip correction
Reversal in play, a big opportunity to go long
More upside for usdjpy to finish the 5ft wave