In the gold market, the most commonly extended wave is wave 5. IMHO this chart most accurately gives a path.
Chart pattern on weekly. I really like using higher time frames.
DXY ( U.S. Dollar Index)
Trade active
Comment:
Comment:
Comment:
$ 2100
Comment:
We will see!
Trade active
Comment:
Comment:
Short term:
No comment
No comment
Comment:
Medium-term:
This market needs a correction (no new bad news!)
Wave c = 123.6% of wave a
This market needs a correction (no new bad news!)
Wave c = 123.6% of wave a
Trade active
Comment:
Gold- update
Comment:
We will see
Comment:
Gold- energy never lies
I am out
good luck
I am out
good luck