BULLISH TRADE ENTRY IMMINENT (UPDATE)
I am sure there are several economic & fundamental factors at play in this pair as is always the case in all financial instruments. However, I am not considering these and are analysing price chart from technical perspective alone.
It is hard to make any long term accurate projections using any form of analysis, so...
In this chart i have contrasted 2 ways to count the recent gold's decline.
In blue there is the wave count expressed by the EWI, that went open public in a video released the last week.
In black is my view of the wave count (I hold from at least since year or so that this decline have a very significant 3)rd wave extension)
Both wave counts have the their's weak...