Gold broke that blue line and climbed up, but I think it has already lost its upside. Expect to decline soon.
Silver breaks below the blue-colored line, so the decline is higher than the rise.
It's a new idea. The highs can be renewed once more next week to create a solid A-B-C shape.
It's a new idea. The highs can be renewed once more next week to create a solid A-B-C shape.
It's a new idea. In order to slow the dollar's strength, DXY can go with an A-B-C correction.
It's a new idea. The stock market is likely to test highs once more if it fails to break through the lows. That high will be made next week and will be a new weekly resistance key level.
The dollar daily support seems to be wave2, not B. It seems to move in 5 waves.
Unlike gold, silver has already made B and is undergoing correction. Expect to decline a little deeper than gold.
The gold seems to be almost finished y. The point c is short, so it is a bit suspicious (if the dollar weakens, the high can be renewed again next week.) However, the dollar's rebound is strong now and it seems to end as it is.
The gold is higher than expected, so it can go up further. It should be. Gold declines only when the Weekly resistance key level is created at the top.
The dollar is very likely to rise another week. According to technical analysis, Gold has to run until next week.
A-b-c was made shorter than I thought. When that line breaks, the gold should go down.
Silver has to look very closely at that line.
This is a possible bull scenario.
The dollar is expected to decline once more. If the dollar became stronger, the expanding correction could be carried out, but unfortunately, the daily RSI seems to end below 50.
I think EURUSD ends A and B starts early. If the dollar's weakness doesn't persist, it's very likely.