The decline from peak of $2063 suggesting to complete as 3 waves at low of $2016 and we might see an ABC Flat Correction structure to complete wave ((ii))(blue). Expecting 5 waves up to $2074 - $2083 to end it.
From previous analysis, an ABC Running Flat Correction could be ended at low of $1680 and price might climb to make new high.
Price decline from peak of March suggested to end with 5 waves internal structure of Leading Diagonal. An ABC Correction is anticipated to happen before further decline. Alternatively, price ending at low of $1680 could be a Running Flat ABC from peak of August 2020 and price is starting to climb towards $2500 - $2700.
Wave from the low of 15 June could be unfolded as a Leading Diagonal structure that ended at peak of 1.0614. Wave ((b)) suggested to end with 3 waves decline from peak of 27 June. We probably could see another short term high to complete this ABC Corrective Wave.
The climb from the low of $164.65 is revealed as 7 swings structure in the form of WXY corrective wave to complete wave (ii) of (C). Expecting price to decline in another 3 waves after this structure complete to correct the cycle from the low of 12th May.
Price is within 100% - 127.2% fib extension from low of $141.38 and anticipating price will end this correction and begin to decline towards $137.81 to correct the climb from low of 7th March.
Price climb from the low of 16th May looks to be forming in a WXY Corrective Wave structure where wave (X) looks to be formed in a flat correction of ABC. We could expect a pullback after the rally on 10th June for wave (B) of (Y) before another push up for wave (C) of (Y) to complete this retracement from peak of $2070.
Price broke lower than the low of 3rd May and suggesting 5 waves down move from peak of $2070 is taking place. Price might extend much lower before a bigger pullback to happen. For now, price suggested 5 waves down from peak of $1909 is completed and 3 waves bounce is expected to happen and 4hr movement will decide if price will break lower again or making a...
A break lower than $1850 will make 5 waves down from peak of $2070 and indicating it will be an impulse move. Expecting price to bounce anytime soon between $1835 - $1813 for a bigger pullback for Wave 2 before further decline towards $1672 - $1426 in the long term.
Gold suggested to end Wave (X) at the low of $1865 with divergence showing for end of 5 waves from peak of $1909 with Flat correction structure from peak of $1903. Price is expected to climb in 3 swings to complete Wave (Y) between $1925 - $1962.
Price went to make a short term high above $1903 in 3 waves and a quick sell off in 5 waves happened from there. A possible flat correction structure which now bouncing off 50% fib from the low of $1850. Anticipating price to climb in another 3 swings to complete this WXY Corrective Wave.
Some update on Gold looks to be in impulse move and since from the low of $1861, price going to end in 5 waves of to make as wave (i) of ((iii)) before a 3 waves pullback to happen for more upside.
Price suggested to complete 5 waves down from peak of of 21st Feb and current price right now is bouncing for at least 3 waves pullback to correct the cycle from peak of 1.7377 before further decline.
An update for this WXY Corrective Wave from peak of $1998, looks like price made lower low than wave ((A)) after a climb in 3 waves. Only plausible structure here is a Flat Correction since wave (A)(red) did not reach 38.% fib retracement of the decline from $1988 peak. Expanded Flat Correction most common area to end for wave (C) is 50% of the previous move which...
5 waves decline from peak of $1998 suggested ended at low of $1871 and ended as wave (A)(blue) of (Y) and now the start of wave (i) of a 3 waves pullback which looks to be forming in a Leading Diagonal structure.
5 waves decline from peak of $1998 suggested to end at the low of $1881 to make as wave (A) of (Y). We will see a 3 waves pullback at least. It could be in any correction form of Flat correction, simple zigzag ABC and Triangle to make wave (B) of (Y) before further decline towards minimum $1818.
Some update on Gold looks like price is forming in a Leading Diagonal structure. Expecting one more swing lower before 3 waves pullback to happen.
Wave (B)(red) suggested to end as a Flat Correction and price is expected to make a climb in 5 waves for wave (C)(red) to make as Wave ((ii)) before a further decline to happen.