It seems that the direction has been decided.
It is judged that the correction of oil has been completed. It is very likely that a new monthly support key level will be created due to a rebound too high than expected.
I would judge that the dollar's RSI has entered the last leg below 50. In addition, because it has wave4 shape, it is easy to enter wave5. good luck.
If this is correct... I wonder if it would be the last rise in silver.
Gold's down triangle shape is very poor, so there are other possibilities. If silver is a rising runing triangle, then gold can definitely hit B. A strong increase in gold can lead to the expanding flat level. Perhaps more than that can be judged as the last wave5.
This is the second Silver Running Triangle. This is also very likely. Anyway, correction B is in progress.
Update gold again. Currently, a Triangle has been created, but I think Gold can definitely take the e-point once more. This is because it is sure to come down after taking the weekly resistance key level. Anyway, it is the stage before completion of correction B.
Silver update again. B is being made during correction. The last C form of B is thought to be the Running Triangle.
Silver, like gold, is an analysis of a bearish start on the premise of a strong dollar.
This seems to be a more correct way to do it than a-b-c-d-e.
The dollar is between weekly support and resistance, and as corrections are in progress, it is expected to rebound quickly when it comes to a position where new weekly support will be made from the lows soon. When weekly resistance is completed, it is expected to break through the upper resistance from the end of September to the beginning of October.
The current gold pattern is complex, but I think it is a weaker pattern than the bull pattern. This is the pattern that appears at the highs. The reason why Gold is expected to rise again next week is that it has not been able to create a weekly resistance key level while Gold has been correcting for a long time. However, if gold hits its target, it can quickly...
This is the dollar bear scenario. RIS cannot rebound from weakness.
Like gold, it is a silver bull scenario. Wave 1 is weird, but it's possible.
Gold's bull scenario. Wave 1 is weird, but it's possible.
Silver correction. Perhaps it will be a deeper correction.
I think this is almost certainly a scenario. One more dollar rises by the end of September.
The stock market was weaker than expected. When the correction is completed today, it is a situation that should decline.