proping7511
Short

GOLD abcd move and 161.8 inverse ext to short

FX:XAUUSD   Gold / U.S. Dollar
225 2 9
GOLD             abcd move at 1366.5
161.8% inverse ext at 1367.46
expand triangle modulation
when price move around the red zone
will reverse to move wave E ? who knows


I'm thinking the same thing on this one. This is the weekly wavetrend getting squeezed. It doesn't look like it has the energy to break above, it's going to break the trend and a downtrend will begin, just as you pointed out. Could you do a chart on DXY? I think the dollar is going to pull back and then begin a mega run, which would mesh with your gold forecast here.

snapshot
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who knows this wave is sucking a lot of bulls in till the energy up fades away, who knows maybe till the end of the month..
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