Price has been in a flat correction and the final leg up seem to be in play....a break above the resistance will see price hit wave five target . . Like my analysis. Feel free to donate...Thanks
Selling already. Caveat empto Please like my analysis and comment too
I see price in on its wave to complete Wave 5 on the Weekly chart. On lower chart, I expect a sell to Wave 4 before bulls come in to take price all the way up. The next few weeks will be interesting to watch.
On this weekly chart we see how price has played out the classical elliotwave count. Price currently in wave 5 extension. I see price rising to complete wave 5 before we see a correction.
Price broke out and hit a resistance. We are preparing to buy on deep retest..
Gold in Wave 4 We will see more downward movement until about 1370 handle From here I expect a bullish move upwards to complete wave 5. I see a head and shoulder Market structure forming also. Then shorting begins fully when the neckline is broken. At that stage, we will see gold bearish into late 2020
Reasons for trade bias 1.Price has formed a neat head and shoulder pattern 2. Neckline retested 3. Stochastic Overbought
Right shoulder in formation, waiting to see price break the neckline for further bullish movement
Price has finally closed above the weekly support. I expect bullish price movement in the coming days.
EURUSD ..... The arrows show my immediate and long term view for this pair