Oil is very likely to break through. The trigger is tomorrow.
Gold judges that w-x-y correction is in progress.
Because Gold moved unexpectedly, I update the trend analysis.
I think there is only this scenario now. It was the first extreme scenario I thought of, but now it's the most likely.
Gold is expected to rise above the blue line with new 4-hr support. Conversely, if gold stays below that line, the lows will be broken by daily resistance.
Gold starts a small 5th ascent wave. After this, the monthly correction will be in progress, and when the monthly rise is over again, a very long correction will be in progress. Perhaps Gold will prepare for the last big rise next year. Gold doesn't have much time right now. Gold can finish correction quickly and move towards the goal in no time. Oil also goes...
Oil will get back on top of that blue line next week, and it will go up once more if supported.
A large w-x-y correction is expected when staying below the weekly resistance key level.
The stock market and dollar trend went differently than expected. It seems that they will continue to proceed in each direction. Gold continues to rise in the direction it went. good luck.
Currently, the probability of monthly correction or short-term rise is very high.
This is a stock market correction scenario. Currently, weekly correction is expected. The support zone is expected to rebound, so please trade according to the situation.If the market renews its high, then discard this scenario.
If the dollar fails to rebound significantly, the gold trend is expected.
As a result of trend analysis such as VIX, dollar, and government bonds, it seems that the stock market trend is about to change. This trend shift does not mean bearish. It seems to be a correction of the rising wave. good luck.
Ten-year Treasury bond rates are highly likely to turn upward. A new monthly support key level will be created, which will create a trend for at least the next three months.
A analysis of the dollar rebound scenario again.
Analysis based on the rebound in the DXY lows.