GOLD had made it low at 1160 and has since been reversed to the upside , however it is within the consolidation /resistance one of 1200-1225.
It needs to clear the 1200-1225 price zone for this upside to continue therefore it is venerable to the downside and a retest of 1160 could be probable however it is in consolidation within 1214-1196 price zone
X=13216, A=12662,B=12937,C=12800, D= ??? 13149(886) OR ALT BAT= 13283(113*XA)
From 12662-12936 (AB), 12936-12800(BC), CD= 13079(100)/13155(127)/13252(162).
Most will be seeing this as a good setup, however from my previous post of what would have happened, the price had other targets and therefore it did not work according to expectation and therefore one has to...
GBP has completed 5 waves up from 12662-12937 however there is still a potential for the last part z wave to subdivide and extend higher to 12970-13030 or it consolidates for a b/x wave then continues higher or breaks below 12662.
in either scenario it is incomplete and could become volatile between 12662-12937 for the b/x wave scenarios
if the extended z wave...
GOLD is within support zone of 1180-1150, tagged 1160. price can consolidate here as it has rebounded from 1160 to 1180.
Caution required as price in consolidation... upside resistance = 1180-1195/ 1200-1225/ 1230-1260
below 1150 support = 1120-1110/1080-1050
GBP tagged 12663 yesterday and that is within the projected price zone , however a retest of this is possible therefore caution is required for now.
There is a consolidation zone between 12660-12830, many alternate counts and patterns will be in play
On the chart there are a couple of lines that I have drawn from around 12660
1st one being the purple and it is...
GOLD has been in a downtrend and likely to continue currently at 1200-1180 zone where there is support, however break below 1180 then likely lower.
1046-1375 followed by 1375-1122 & 1122-1365 , now on the downside from 1365 and how low ???
1375-1122= 253 then 1365-253= 1113(100%) or 1080(113%)/1043(127% double bottom), however from 1122-1365 then there is...
GBP has had an incredible run from 14376 to 12723(friday low), some will want to know if it is done or more carnage to follow, I don't know that however lets see what the price has done.
11905-14376 upside then consolidation from 14376-12723 that is nearly 62%-66% at 62%= 12847 & 66%= 12731, there are other price zones at 78%= 12430 or even lower at 88% =...
GBPUSD has retraced 62% at 12850 (12843) from 11906-14376.
Upside resistance = 13000 then 13200-13365
downside support = 12665-12630
Next couple of weeks will be volatile and wild price swings are possible therefore expect the unexpected.
I had not been able to post due to unavoidable circumstances and hoping to be back from Next week if all goes well.
GOLD has made an impluse move to the downside from 1365-1282, some might count it as 1/2/3/5 waves. it has the probablity to be complete at 1282, caution is warranted
break below 1280 then likely to retest 1260-1250 price zone, prices to consolidate and will be volatile therefore trade with care.
resistance zones: 1300-1320/1330-1350
support zones: 1280-1260/...
Crude is at 72.50 where ab=cd(127%) and has the potential to get to 75.50 where ab=cd(162%).
Crude has an alternate count where it has the probability to get to 80.00s.
On the ab=cd scenario then a break below 70.00-68.00 will invalidate the upside to 80.00's and downside will be around 55.00-50.00 price zone.
From the lows of 58.80 there is another alternate...
GBP has taken no mercy on buyer and now it is within my lower price zone of 13500-13300, currently around 13450's, on the hourly chart as one can see there are
potentially 3 equal moves coming up with a low around 13300, time to be cautious as price will likely consolidate from this zone.
Some might be looking for either the 38%-62% reversals, price is at around...
EURUSD has been in a long sideways consolidation since Feb 2017
downside support: 12100-12050 or where AB=CD 12066(100%)/11950(127%)/11810(162%)
Break below 12050-11950 then 11810/11700/11550 (+/-50pips)
GBPUSD is nearing lower support 13920-13840 consolidation is probable at these price zone, however price can still test 13780-13700 zone.
Should prices consolidate around 13910-13840 then upside resistance:
Prices still to the downside, break below 13700 then 13500 or even upto 13300 probable, from 14376-13920(450pips)...consolidation...
GBPUSD is nearing BRN= 14000 also within the support zone of 14050-13960... price probable to consolidation
upside resistance: 14080-14100/14120-14160/14180-14250.
Break below 14000-13960 then lower price zones still active:
GU exceeded my previous price zone by 50pips to 14376 (14320) and has since been in a selloff about (200pips) and is nearing previous support zones 14180-14160/ 14140-14120.
I do not know how its going to setup however price support:
Break below 14120-14100 then 14050-13960 or lower, support base between...
As 1122= A, B=1295/6, C=1205 & D= 1388(AB=CD)/1437(127%)/1500(162%), However D failed to complete AB=CD @ 1388, therefore from the C leg= 1205:
IF A=1205,B=1357,C=1237 then D=1409(100%)/1430(127%)/1483(162%) and also from 1237:
IF A= 1237, B=1365/66, C=1303 then D=1433(100%)/1468(127%)/1513(162%).
price zone on break above 1370-1400= 1430-1470.
Gold from the highs of 1921 :
X= 1921, A=1046,B=1375,C=1122 D=???, currently Gold has completed A,B,C for now and is in the D leg, where does the D leg end?? D=2797 (UPTO 162%*XA), HOWEVER to get there it will take time.
Since price is in the D leg from 1122, expected D leg price targets: See chart for colour coding
AB=1046-1375, C= 1122 D=?, D=...