XAU has completed the first five of the correction, now in triangle, completing wave E. We need another five to finish the correction, so I expect the thrust out of triangle will deliver it. We will likely travel "into the price territory of wave 4 likely near its terminus" - approx. at 1203 where strong resistance also resides.
I do believe this upward movement will coincide with the last leg of EUR correction, Oil moving up one last time in subwave 5, USDCAD down in wave C. Then a good reversal will happen.
I do believe this upward movement will coincide with the last leg of EUR correction, Oil moving up one last time in subwave 5, USDCAD down in wave C. Then a good reversal will happen.
