Bobby-Dee

Bobby-Dee

SPX in need of correction before reversion to BULL Diversion going back months on RSI etc Recent pullback and now Head and Shoulders on FOMC day Targeting 1.272 - 1.618 fib extension of A leg down in ABC move

Bobby-Dee

Gold currently loosley following a fractal from 2010... At the current time it suggest a dip down to confirm the breakout from the bowl formed over the end of 2019 So short for some of February, then Long in say March onwards for next MAJOR leg up! Currently (28/01/20) Targeting the W dip as per the white line and my previous published idea

Bobby-Dee

Time for wave C of a larger ABC correction down for Gold, before continuing UP! Target 1 1530 area, Target 2 1510 area

Bobby-Dee Updated 

Gold might have finished ABC up for WAVE 4 > time to start short positions for wave 5 down Target 1530 area, as per green box

Bobby-Dee

5 waves down - need 3 up, simple as... plus triangle broken up on NFP then retested and up again IHS also at lows, which Gold loves

Bobby-Dee

Channel up looks clear with this simple fib fork. Tasty Gold trend... UP! AMEX:GLD FX_IDC:XAUUSD OANDA:XAUUSD

Bobby-Dee Updated 

Fice waves down completed from recent highs, hitting 50% fibo of Major LT move. Nice bounce with IHS pattern on 15min off of lows and strong retrace begun. Entered long at 17.30, looking to add on dips. Like the stock as a long term trade also, which helps confidence.

Bobby-Dee

Carved out a nice rounded bottom, positive divergence on Multiple timeframes (RSI, MACD), plus nice 5 wave impulsive structure off of the lows. Long from 1190.

Bobby-Dee

If history repeats itself again. Check out this day one year ago, as well as countless retaces through the year....