Barrick Gold is heading for a correction in the next few weeks. Mind the divergence in the RSI from wave 3 to 5.
Decline in late May till June. After that a second rally like the one in January/Febuary is awaited.
Expecting a correction to the 1,0850 area before a last wave up to ~1,18 will complete the 1yr lasting correction.
Prepare for a pullback after a final wave 5 in Gold. Target 1130-1140
One final leg down before a new rally starts
It seems that we are in the end of wave c of a triangle. Should end in Oct. 2015 followed by a rally into next year.
DAX 15min chart - Do we get a final wave up?
If we see a correction and an last wave up --> a buy of the retracement with a stop at 10650 would be reasonable.
If there ist no final wave up --> new lows are possible
a possible bearish idea... mind the correlation to SPX in this scenario
Forecast for the next 1-2 weeks in SPX on hourly basis