FX_IDC:XAUUSD   GOLD / US DOLLAR
344 10 8
Description on Chart.
Comment: As good as it gets
Comment: The gold is going to 1070 no question asked.
Comment: Wave B is forming, very weak, let us see how long it will last before wave C will start
Comment: Today I added more to my DUST long. The decline in GOLD will not stop any soon. perfect synchronization since early September between XAUUSD, DUST and DXY.
Comment: I think wave B is not over yet, even it is very weak but I guess it will take another 1-2 weeks of consolidation, before a real wave C will start.
dude u are amazing
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saif12 PRO Cornhub
@Cornhub, thanks and good luck
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If wave 'B' is weak, how far can we expect for upside potential before 'C' reigns in all that's left of the bulls.
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@faronf,. if there is any up moves for wave B, I would expect 30$ up from today, till 1190, I am not chasing wave B at all, as I am not a day trader. I am waiting wave "C". and if it comes it will be a NASTY one.
GOOD LUCK
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@saif12, Great charting, spot on.

I am assuming your already long dust, how the outlook when we reach C? what to expect on the next moves?
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saif12 PRO Sharky8899.
@Sharky8899., Yes I am heavily long in DUST and I even added more DUST few days ago. For now I can not see accurately beyond wave C, but a general thought, Newtons second law will apply " For every action there will be equal and opposite reaction. So I would assume a reaction after C, that will push Gold up.
I will update the chart when I see a Major change coming. but for now I am a setting duck/
Good Luck
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@saif12, U expect the B wave to to make its top after the Fed metting? since its been verry weak? Hows the Outlook after the fed metting.
Anychance that the C wave will start form after the metting? Btw how didd you get to Your target of 1080? i am looking at 1120 :/
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saif12 PRO Sharky8899.
@Sharky8899., the 1080 is the first coming support point, similar to mid January 2916. These numbers are just general indications, it could be more or less. The curve is for the general Trend, but the in/out decisions will depend on the smaller scale.
As for the Fed Meeting, I am really 100% Technical, I follow what the curves tells me, not the NEWS. For now I am waiting few more weeks and will update the curve when I see a major trend Change. The news may create a spike here and their. So I literary do not listen to the news.

I took a good advice from a mate " Plan your trade, and Trade your plan"
Good Luck
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Hi saif12, do you think we are just finishing the 'B' wave in the next week, then looking at 'C' for more downside?
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@faronf, Yes, I am bidding on it. that wave B is over, and C is already started. I shorted 1/2 load earlier this week.
Good luck.
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