Believe we are still Bullish. Looking for an Expanded Flat correction which would be a Minor Wave "2". Safe Trading Cheers.
Still Bullish. Volume not quite there yet, but could be soon. Just really believe (so far) we are in a big "C" wave up on the Weekly & monthly time frame.Timewise as well this makes the most sense. On this shorter time frame we are just starting the Wave 3 up. A break below the current low would make this analysis incorrect. Anyways this is strictly speculation &...
Believe Gold is back on track & moving higher. Details on Chart.
I believe this correction downwards is close to being completed. If not already. If we close below that "Yellow trendline" it will be over for the Bulls. If that happens we are probably in a large triangle. Don't think thats gonna happen. We are going up to break the top of the "A" wave. Details on chart. All Traders "Have a Good Weekend!
Really think we are going to remain "Bullish" At least till June of this year. I just can't see this as a Triangle. For now I am analyzing this move as a "C" wave up. Target @ 1478.00 area. This is close to 100% of the "A" wave. Currently believe we are in the 3rd leg up where we will reach the top of the "A" wave @ 1375.00. Predicting a shallow 4th leg around...
Currently Bullish on Gold, but only for the short term. Looking for a move up to the 1477xx area and then strongly downwards.
Looking for a Final move up, before I believe this Correction is complete. In my opinion, it is a W-X-Y-X-Z. Both wave "W & Y," have been an ABC Or at least they have tried to simulate one. The "C" waves are sloppy five wave moves up. IMO are a bunch of ABC's simulating a 5 wave move.Am expecting that in our last "C" wave of "Z". Should get more volatile next week...
Looking for a short move down to begin with. Believe we will find support @ 1314.xx area. If this holds we begin the journey up again.
Believe we have more to the upside, but a correction first. Will see what happens.
Still believe we are "Bullish" with Gold. A break of the Yellow trendline, would be the only thing to change my mind. Details on Chart.
Currently still in "Bullish Mode". Appears to me the last move up was a "Leading Diagonal", for a Minor "Wave 1". Looking now for a Minor "Wave 2". Expecting a complex correction that simulates an "Expanded Flat". If correct we should see our strongest move up yet, with an Extended "Wave 3". Details on Chart.
Appears to me that we could perhaps get an ABC expanded flat correction, before we progress upwards. Details on Chart.
Still Bullish, but believe there is more to the downside, before we push Upwards. After further analyisis believe we are looking at the 1293.xx area before we progress upwards. Apologize for first Post, but believe it is incorrect.
Appears to me the "Wave 2" could be complete with more to the upside. Looks like a complex correction with a strong "C" wave to end it. If correct we should see a "Violent" move upwards. Details on Chart.
Believe we are still "Bullish" in Gold for now. A break of the bullish trendline would deny this current action. In a wave 2 of a Wave 3 (extended wave) Appears to be a "Complex correction" Looking for a downwards move to the 1282.xx area before we progress Upwards. If this analysis is correct we should get a Strong 3rd wave up.
Still believe Gold is Bullish. Long term analysis appears to have us in a "C" wave. We will have to break this current top to progress forwards.
Looks to me, that we are currently in a correction downwards. Looking at the 1276.00 to 1278.00 area to stop this. If this area does stop this correction, we should get our strongest move up yet.("Wave 3 of 3") The Yellow solid trendline cannot be disturbed. If it is all this analysis is incorrect.
Fairly deep correction down (61.8%) Will see if it holds. Looking again for more to the upside. Details on chart. Bullish trendline still intact.