herdelphiniums

herdelphiniums

I think UJ just completed a double combination correction ending with a triangle. Failure to break out of the head and shoulders trend line is telling. Long once we break out of this triangle as main bullish trend should resume.

herdelphiniums

Today’s rate decision failed to take gold higher running into resistance right at the 0.786 fib level. We should be done with the correction at 1484 high. We have clocked a series of lower highs. Should see bears taking over. Look for sells at 1478 region. First target at 1453/4 Trade safe. GL.

herdelphiniums

Sell upon breakdown of neckline.

herdelphiniums

Short term long from 1471 support triggered for a wave 5 of this Y/C leg up. Target: 1486/7 We should see bearish continuation after we are done with this.

herdelphiniums Updated 

prices have not followed through with a clear strong bearish breakout. we have a series of higher lows formed as we can see from the chart. Hence, i expect a bullish move to the 1467-1470 levels before any bear trend continuation. will watch price action at those levels for an signs of rejection.

herdelphiniums

Gold clocked a high of 1462 and failed to break higher. We can see a retest if the H&S neckline. Could be headed down to touch prev bottom at 1445 before the swing up.

herdelphiniums

if we look at the price action, gold has formed another falling wedge as the previous low at 1445. We have a slight bullish breakout from this smaller wedge formed. price might go for another upward Y leg to complete this 3 wave pullback.

herdelphiniums

Still feel like we are not done with the drop with one more leg to go. We got daily rejection of prev 80s support turned resistance zone with a high at 1478. Semi breakdown yesterday with a possible retest as seen on H4. This next H4 candle closing will be crucial. We could be going down for a double bottom test first target at 1452 at 0.786 fib, if it breaks,...

herdelphiniums

we have an IHS targeting 1476. this may be the hunt for the 75 shorters before the big drop. Let's see. GL.

herdelphiniums Updated 

sell on breakdown. GL.

herdelphiniums

Looks like we have completed a triangle pattern on daily. Long on BO, targets on chart. GL, j.

herdelphiniums

We should be expecting one more wave 5 before the big reversal. Details on chart. If wave 1=5 1123/1122 are potential reversal zones to watch.

herdelphiniums Updated 

Short term bottom seems to to be in. Good to take longs with SL 1216 for target 1250.

herdelphiniums

Details on chart

herdelphiniums

Details on chart. GL.

herdelphiniums Updated 

If we hold 1332 today, we could get one more leg to the upside. Details on chart! GL!

herdelphiniums Updated 

We can see that the H&S pattern has been broken out, currently price is retesting neckline. Once rejected, we can take short. Watch out for H4 pin bar Details on chart, GL!

herdelphiniums Updated 

Two alternative counts for UJ currently. If we are done, I would wait for the potential IHS to be form before taking a long trade, alternatively, we could be at wave 4 if the ED. If not, wait for a strong breakout if this wedge, retest then Long. Either way, I will post my daily chart below, UJ correction is pretty much done with w=y at this juncture. So short...