Believe we are still Bullish. Move we are currently in is corrective. Unfortunately the bullish trendline was violated. Am speculating this move up from Wave 1 is corrective and could end with a weak "Y" wave. Enough trys at this major Bearish trendline and we could finally break it. A strong close above it followed by support on it would be a good indication that...
Strongly believe we are still bullish. The long term bullish trendline is still intact. Believe currently we are in a 4th wave of a minor Wave 1 (Wave 1 of Wave 3) If correct expecting prices to move down on Monday to complete Wave 4. 3 wave moves for the First wave are developing similar to the First Wave up (Brexit move) Expecting a Fibonnaci move up to equal...
Believe this Correction is complete. Many similarities with this correction and the larger Wave 2. Both appeared to be a complex correction ending with an ABC. If correct and in a current minor Wave 1 the long term bearish trendline (White) should be tested again. The minor wave 2 could then find support on this trendline. The Bulls would then resume to make new...
Believe this correction could becoming to an end. Appears to me a "C" wave ending diagonal. If correct the Bulls could return.
Believe there is 1 more leg down before the Bull returns. Looking at the 1318.3 area to offer some support. (December Comex) Looks to me like we are in the 5th wave of an expanding diagonal.
Looks like a move up to the 1366.0 area. Then Gold could drop.
Looks to me like another move up to complete wave "B". Followed by a move down to finish minor wave "2". After that Bullish.
Currently believe we are in a "B" wave (Perhaps a triangle) Don't see the price going too high. After that a move down to end the "C" wave. Many similarities with this correction and the larger wave 2 or (B) correction.
Believe we are currently in a 4th wave of a larger "C" wave up. Looking for an ABC down to complete this correction. If right should get an Extended 5th wave for new highs to finish the major "C" wave. Then Bearish.
Believe we are in a "C" wave down. Once this correction is complete should see a strong move up. Should not break the Red trendline. If this happens strongly bullish.
Appears to be a nice clean 5 wave move up. Looks like a Bullish wedge. Its going to be a messy correction down now to maybe the 1348.00 area. This correction should stay away from the "Red" trendline.
Really believe we are currently in a Wave "3" which is going to have an Extended 5th wave. Right now we are in a 4th wave down before the extended 5th wave. Looks to me like a double zig-zag. Thinking this move will come close to the wave 1 but will not penetrate it. If correct the "price action" should move quickly up. Some similairities with Wave 1 and 3. Market...
Looking for a correction down on Monday to the 1345.00 area. If this offers some Resistance could be a good buying opportunity. The 5th wave could be extended. A fairly crucial point here if Gold is to remain Bullish.
Believe this "2" wave is over. If analysis is correct this has to really move. So far all the 2 waves up have been "Expanded flats". If this is Wave 1 of 3 it should move aggressively.
It looks to me like we are in a "C" wave diagonal. The 1300 mark. If this price stops the Bears the "C" wave should be retraced quite quickly.
Believe the Correction down is complete. Ended with a diagonal in the 5th wave. Currently at a 61.8% retracement of a small First wave up. If this holds could see a strong move up.
Looking for a small move up (Sunday) before the correction resumes. Looking at the 1339.70 area to offer some Resistance.From there I believe the Correction will end at the 1295.00 area. After that we should get a strong move Up. If not the Bullish move could be a Correction for more to the Downside. Believe the major trendline (Solid purple) will be tested.
It appears to me that a Top is in place. Looks like a "B" wave now followed by a deep "C" wave. 1270 area. Also looks like a "Head and Shoulders" developing.