Regarding Elliott wave counting for gold's 4 hour chart, there are two major scenarios I wanted to share.
before that we have to be aware of the current bull trend and it supported the recent drop in gold's price.
Bull trend is illustrated in pink and the shorter-term bear trend is shown in blue line.
The chart above...
Oil -0.56% jumped off the cliff -25.83% starting last month and still falling.
while free falling she doesn't even know where the bottom is! who knows anyways :S
I used line chart to draw few trend lines .
According to the bullish trend line I illustrated above, it's about time we yell "Booya, bull right back at ya!".
Starting next month, Saudi's planning...