Oil has a daily RSI below 50, which is more likely to decline than rise. It takes strong momentum to rise. If the oil breaks the daily resistance key level and rises, it cannot break the high point, and it may rise again after W-X-Y type weekly correction. In other words, oil can't rise after breaking highs in the short term.
Welcome to the gold down trend. Expect a short-term big correction.
This is a very strong correction version.
This is the down trend version.
We have to prepare for the second wave.
The possibility of this pattern is very high as the dollar rises, but gold is not falling as much as expected. The upper high point is clearly the monthly resistance key level, and below that a new weekly resistance key level should exist. The absence of this makes me doubt about the weakness or completion of correction.
This is the second big correction idea for the dollar.
There are weird candles... I'm watching closely.
Gold's bullish perspective. It is not without the possibility.
This is a new idea. I looked at it from a bearish perspective.
Oil should be checked for support in that line. Both up and down are open. If the Daily RSI falls below 50, the downside is very likely.
If it is the beginning of the 4th wave, I wonder if it will be like this
If Gold cannot rise above the last yearly resistance key level, I think the top high is C. Even if it is not C, at least a monthly correction is required to make a new monthly support.
I am now convinced that the top high is the new monthly resistance key level.
Dollars may not drop until the end of the year by new monthly support.