Price remain under pressure with high probability chance to make a correction back to 1.2100 zone after reaching all targets at smaller Time frame cycles More down side move expected to reach the Demand Zone at 1.1900 levels
Price Found a a Res at 61.8 fib for the 2nd time test at this level Inside (( the 2 bigger triangles inside the bigger channel)) retracment expected to reach the 1200 zone again to form a 3rd lower low the metal is remain under pressure to reach again the DZ zone and target at 1130 zone with a high probability by breaking that zoe to reach the 1070 - 50 zone
Price almost reached the end of wave 4 to reach target at 50$ on the intermadiat wave count on this auto count tool this is not the right count but it helps to show the active waves ... with the 233 MA almost at the same zone expect a bounce back from that zone as a minor demand zone with a major Demand at 33.50 $ zone
Price found a sup at 1.5480 zone and just retrace to 50% fib from the last down drop expecting more down move to reach the 1.5370 zone after breaking the sup at 1.5480
By Breaking the 1.2245 zone euro found a minor support at 1.2160 expect coming targets at 1.2050 zone
Price broke the down trend line and neck line and found a support at 1170 zone again with a retracment now to the 38.2 and down trend line came all at same spot expect more downside move to back again to reach target at 1170 and lower
More down move is expected SHORTIG HIGHER IS THE PLANE near the 1.2240 Zone with open targets at 1.2060 Zone
Breakig the lows more down side expected start shorting at the 1.5540 with open targets @ 1.5380 zone
Seario is o more down side expected .......... ( sHORTING HIGHER IS THE PLAN)
Price just reached the 1.2250 zone again for the 2nd time expect a bounce back up to reach the 50% fib level with higher probability to back again to this zone with a chance to test for the 3ed time if the 1.2250 zone didt hold expect coming targets at 1.2050 zone
Price almost reached 61.8 as a full retracament more Down side ow expected to reach the 1.5550 zoe again with more and higher chance to breack throw to reach 1.5320 zone target
Price almost reached 61.8 as a full retracament more Down side ow expected to reach the 1.5550 zoe again with more and higher chance to breack throw to reach 1.5320 zone target
More down side is expected for gold to reach the neck line at 1183 zone If price break that level we could see 40$ more drop on gold as 1145-50 zone target is expected
after completing the previous tow pattern gold now has formed a nice symmetrical triangle this triangle is under the previous big pattern in yellow most likely price will break down targeting the1170 and 1145 zones again
price completed the three Driver pattern with last move up retracing to the 50%Fib from the full pattern chap more down side expected to reach the 1.2200 and 1.2000 in extenion
Price back again to the DZ after forming lower lows on the provisos period that gives a high probability of breaking the DC after testing it For the 4th time with an open targets at 1.5430
after breaking the channel and full retrace at 61.8 price is still holding under the trend line and formed a lower low at 50% fib level more down side expected to reach the DZ with high probability of breaking the demand zone targeting the 1.2200 level
Waiting the back test for the Broke channel to jump in short at 61.8 level