The low in May long and then second half of the month short.
For the success of this setup, the resistance @ 1360.6 should not be outbid with Daily or Weekly closing price.
For the success of this setup, the resistance @ 1360.6 should not be outbid with Daily or Weekly closing price.
Comment:
The blue 1-5 (of the red 5) can soon be finished.
I pay attention today at 1284.8 to close my short. I don't need more ;-)
I pay attention today at 1284.8 to close my short. I don't need more ;-)
Comment:
Yellow circle was not undercut.
For further development of the gold price, it is advisable to pay attention to GOLD-SILVER RATIO and above all to the brand @ 85.346.
If we see break and close on a daily basis below 85,346 then gold will rise and vice versa.
For further development of the gold price, it is advisable to pay attention to GOLD-SILVER RATIO and above all to the brand @ 85.346.
If we see break and close on a daily basis below 85,346 then gold will rise and vice versa.
Comment:
It is still not clear how it goes now. It may be that since the last high (top of the wave 3?) Gold has fallen in the form a b c d e ... If so, then today the e would be finished and thus the wave 4.
If confirmed, then wave 5 should rise towards 1360.6.
If confirmed, then wave 5 should rise towards 1360.6.
Comment:
Confirmation for rising 5 would be overbidding at 1310 with daily and weekly closing prices (yellow circle).
Comment:
Blue lines are (as usual) the TP levels!
Comment:
Gold-silver ratio:
monthly basis...
Exciting location...
Either the red 5 is already finished or if it goes over the last high, then it will be completed in 1 to a maximum of 3 months.
This year - an A B C correction would be a logical consequence.
monthly basis...
Exciting location...
Either the red 5 is already finished or if it goes over the last high, then it will be completed in 1 to a maximum of 3 months.
This year - an A B C correction would be a logical consequence.
Comment:
Here one alternative to my main chart above
The green level is the KIJUN on a weekly basis... eventually as support.
The green level is the KIJUN on a weekly basis... eventually as support.
Comment:
If the price closes (contrary to expectation) under the Kijun, then Butterfly would be active with targets between 1250 and 1258 and in extreme cases even 1243.91.