Because the third sub-wave of the third wave is prolonged, the fifth sub-wave is no longer prolonged, the third wave has ended, and the callback of the fourth wave starts. Because the second wave is flat, the fourth wave is zigzag or flat. According to whether the first sub-wave of the fourth wave is 5 or 3, the final target position is determined.
In this 10-minute video we aim to explain what's happening in the bond market, and as a result its implications to the USD, to stocks, the USDJPY and gold. Today's US Consumer Price Index (CPI) data due for release on Wednesday at 1230 GMT may be already priced in and prices may not display logical textbook reactions.
●● Mine scenario
● 1W
It is very likely that, as in the case of XAU/USD , the wave (V) of the " Supercycle " degree forms the Ending Diagonal I- II-III-IV-V .
● 1D
A variant of count of the triangle ((B)) of I .
● 23h
A variant of count of the wave (1) of ((C)) in the form of a single zigzag A - B - C .
● 6h
I expect the...
As per Gold/USD long-term analysis gold is in down-trend from the last week. As per long-term USD/JPY analysis , it is in downtrend too. What it tells me, that if you wish to sell Gold you should be selling it for JPY, since the pace will be twice faster, and deeper I am expecting fall to 100,000 at minimum before its first significant bounce up.
But ......
Original position taken on the 25th of november. This is an equally weighted index of gold across the major currencies. I was able to secure a derivative contract with the above formula with a private party who've since defaulted in strike unable to cover the margin after +560 pips. Either way, this was a great example of a falling wedge in a fundamentally...
We've seen a very significant phone in the dollar today compared to the euro . China may have to wait until after the 2020 election to handle the trade disputes between not only the United States but also emerging markets.
All in all this is not made the dollar week and in terms of the dollar in a relative relation between the yen for example, Dollar going down...
We've seen a very significant phone in the dollar today compared to the euro . China may have to wait until after the 2020 election to handle the trade disputes between not only the United States but also emerging markets.All in all this is not made the dollar week and in terms of the dollar in a relative relation between the yen for example, Dollar going down...
- GBP: Looks consolidated in current area. Risk either side
- EUR: Managed to pull away from the low during yesterday trading. Keep a close eye on the current area
- JPY: Risk appetite looks to be rather weak at the moment still
- GOLD: USD weakness after the data yesterday caused a bullish spike on GOLD. Interesting to see if GOLD stays in this downtrend.
-...
![(XAUUSD+XAUCHF+XAUAUD+XAUNZD+XAUEUR+XAUGBP+XAUCAD+XAUJPY/100)/8: Gold: Daily Long Bias (Fundamental Analysis) [Equally Weighted]](https://s3.tradingview.com/9/98uwyM7y_mid.png "Gold: Daily Long Bias (Fundamental Analysis) [Equally Weighted]")
