After a good drop from our last post that gave us more than 500pips, we are Anticipating Buys till 1811 or 1822 before the next sell-off.
After the sharp climb in price, expect a slight decline to 1828 levels for the next push to 1850 or 1861 before any more sells to continue.
We are still anticipating a slight drop till 1801/1793 levels for the next push till 1846 or 1850 to complete the buy structure and bring forth the SELL continuation trend.
With the 5 waves done, price should rise up for a corrective phase till 1811/1819 levels before any more sells. Alternatively, it can extend or drop down to 1775 at 100% which is a wave 5 extension then go up.
We should be seeing a decline in price with lows of 1632 as the last leg down of wave C BEFORE THE NEXT MOVE TO THE UPSIDE
We could see a potential uprising of price till 56k, 55k or 53k before the next decline in price to 29k Levels for the next PUSH TO THE UPSIDE
With the downtrend momentum still in play, expecting a push to maximum levels of 1797 for the last drop then we begin An uptrend move
The price decline was a correction to complete a complex wave 4 before the next impulsive push to the upside with highs of 197 levels as the next possible target.
After a heavy decline in price, which was ending wave Z, we should start seeing price going up for the next impulsive move. LOOK TO TAKE ADVANTAGE OF THE NEXT SEQUENCE
Gold downtrend is on but we still need to see a push to 1830 levels before the next drop
From our perspective, Gold is still in a downtrend with completion of Y WAVE still forming. We have levels of 1826 and 1834 as Selling points
1882 should be an area of interest for that corrective structure to end before the next move to the downside
EU correction should be over now and the long-term trend for BUYS in motion with targets of 1.29688 as POI. If price bounces at 1.20500 and comes down we will see X wave COMPLETION to bring forth a downtrend of wave Z. f
With the downtrend continuation, we expect price to touch 1.14045 levels for the next move up. LONG TERM BUY BIAS
With the upward movement, completion of this corrective structure can extend to 1872/1878 then SELLS or Sell currently to 1629 Levels, SELL BIAS
We should be in an uptrend now with major levels being broken making 1820 a POINT OF INTEREST Before dropping to correct wave (iv)
The uprise of Gold I believe was Wave X forming before dropping some more to complete the Z wave at 1740’s level. The maximum it should climb is till 1803. A close at 1809 will mean UPTREND IS IN PLAY. For now we scout for SELLS. GOOD LUCK
1740 is another POINT OF INTEREST For gathering Liquidity. To bring forth Buy Momentum