Bank cartels doing everything to shakeout weak buyers, yet some (like me) still believe commodities in reflection of inflation and weakening dollar will charge into the end of 2021.
This chart/count supports that idea.
If neither w1 nor w3 got extended, w5 is the one. Move from 1775 might look like an ending diagonal and it just might be that, but IMO its a...
Personally I find current FED narrative false and it looks like smth big is brewing across the board.
I have added 75 to the collections of the bought dips with intention of driving it to ATH as feel theres smth big brewing and its not melting.
I think this minute 5th wave will get extended, so will the following minor 5th.
Big push is comming.
According to my analysis gold should reach for final prize @ supp/demand zone 1576.
This would complete my correction from 2075 with z of 4.
DXY and USD seem to agree as both pending move up IMO.
Wish me luck.
Personally I've entered with sells @ 195X (very relaxed about those) and 187X (less relaxed as we may still get a leg up to 188X, in such scenario position is secured with SL BE and will re-enter 188X again).
I think, thaT even current level is still relatively attractive for sell positions, so I thought I'll share the idea.
Ending diagonal of c of (z) visible on...