FX:XAUUSD   Gold Spot / U.S. Dollar
Still believe we are "Bullish" with Gold . A break of the Yellow trendline , would be the only thing to change my mind. Details on Chart.
Very interesting chart. Do you think we should have one leg up prior correction to 1280 level?
+1 Reply
thenry fhsk2001
@fhsk2001, No, I believe correction down is complete. More to the upside.
+1 Reply
@thenry, how do you dissolve the last corrective wave 2 (pursuant to your chart?), double zigzag? EWI probably assume that this might have been wave a of larger zigzag down to 1290-1299... I favor a double zigzag (without ruling out another zigzag).
thenry Parabolica
@Parabolica, I'm speculating it is a "Complex correction" that won't actually end on a new Low.
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