After bouncing off the 1122 Levels, XAUUSD (GOLD) started the Up-Trend.
So far we have the 1st Impulsive Intermediate Wave, which is coming to an end soon.
2nd Corrective Wave (ABC Structure) will most likely commence very soon.
Great confirmation would be a Bearish Divergence at the end of the 5th Minor ...
SPX is currently Bullish, preparing to finalize the 3rd Impulsive Primary Wave, withing the 3rd Impulsive Cycle Wave.
On the Short and Medium term, we are expecting S&P 500 to continue gaining for the first Quarter of 2017 and then Consolidate and give back some its gains, as per the 4th Corrective Cycle Wave.
ABC Corrective Cycle is coming to an end soon and with it, a new Bearish Cycle is approaching for DXY.
We are expecting a Consolidation for the 4th Minor Wave withing the Intermediate 5th Wave and Primary Wave C. Once the Cycle is completed, a Major Bearish Divergence will be the best sign and Trigger for the next ...
Crude Oil completed the Bearish Cycle and has been rising in the first half of 2016, following an up-trend which is most likely to continue in 2017 as well.
In the second half of 2016 WTI has formed Complex Corrective Structures and as per the Wave Count, these structures are completed as well.
This leaves us with ...
History may repeat itself.
ECB meeting expectations are for a QE extension and Mario Draghi might rock the boat.
USD is slightly vulnerable with Trum's economic plans VS FED Rate Decision so if we have a Combo for EUR/USD Fundamentals, we may see another Up-Trend.
The Bullish Divergence has been confirmed, and according to the Wave Count, Minute Wave iii has ended, leaving room for Minute Wave iv to start its Correction.
A Correction is expected before the last Bearish Swing for Gold and after the last Bearish Swing within this ...
Natural Gas has completed the 1st Bullish Cycle Wave 1, which was formed out of 5 Waves.
Corrective Wave 2 has started, with Wave A complete and now Wave B is preparing to finalize its move.
Wave C is expected to start and with the end of it, 2nd Cycle Wave will end as well.
The Wave count shown below states that the Major Corrective Cycle which started with 2008's Recession has ended.
With it, the start of a New Bullish Cycle market as Primary Waves A-B-C.
Primary Wave A completed with Intermediate Waves A-B-C, A & C formed out of 5 moves and B formed out of 3.
Primary Wave B is still ...
We are waiting for the Bullish Divergence to appear and point us on the up-side.
However, there is still Bearish Sentiment around Gold these times, especially withe FOMC Rate Decision coming.
The current Wave Analysis is stating that the Bullish Trend that started for Gold in December 2015 is a mere A-B-C ...
100 Levels posed as very significant and the overall Correction began.
Intermediate Corrective Waves A and B have been confirmed.
Within the Intermediate C Corrective Wave, we have confirmed the Minor Waves 1 & 2.
3rd Impulsive Wave is not yet finished as we are expecting a Contraction on the down-side in order for ...
After the 3rd Impulsive Bearish Wave has completed, the full Correction for the 4th Wave was not confirmed, meaning that Wave B has unfolded in a complex manner. According to the Bearish Divergence that popped in, Wave C should start unfolding until the 161.8% Fibonacci Extension, thus completing Wave 4.