In order to complete wave 3, I expect a move up. Gold could remain stable over 1300 for a while.
Later, wave 4 could find support at SMA 100.
Later, wave 4 could find support at SMA 100.
Comment:
Today gold should reach 1320.2 (or even 1322.2), but then falling with target 1282.7 - 1280.5
Only break and close over 1326.3 would cancel that view.
Only break and close over 1326.3 would cancel that view.
Comment:
This Week down possible to 1316,9 - 1316,3
Comment:
and 1314,12 at the end of week
Comment:
GOLD
Here is a private chart of mine.
Since Oct. 2016, buyers have not once again been able to reach a closing price on a monthly basis and with the next month to confirm it over the SMA 100.
I have, of course, other - more bullish - variants but this one is attractive as long as the monthly closing price remains below SMA 100.
Red Circle = Short Signal - Established Nov 2014 (SMA 100 is above EMA 100 and so it covers ... i.e. pulls down courses) = the short signal is valid until the counter signal comes up = will take months to get there!
free-picload.com/image/61p9Y
Here is a private chart of mine.
Since Oct. 2016, buyers have not once again been able to reach a closing price on a monthly basis and with the next month to confirm it over the SMA 100.
I have, of course, other - more bullish - variants but this one is attractive as long as the monthly closing price remains below SMA 100.
Red Circle = Short Signal - Established Nov 2014 (SMA 100 is above EMA 100 and so it covers ... i.e. pulls down courses) = the short signal is valid until the counter signal comes up = will take months to get there!
free-picload.com/image/61p9Y
Comment:
if I have more time, then I will do the same chart here.
1298,7 could be the next