The stock market has a very high possibility of weekly w-x-y correction due to monthly resistance. If this rise is wave5, it should have renewed its high, but it could decline towards y points due to the fact that the positive effect of earnings decreases, and uncertainty before the presidential election may increase. If the uncertainty is high after the...
This is the last bullish version of gold. It is possible if the current pattern is called the leading diagonal. The leading diagonal pattern can be completed if the gold goes up once more without breaking the low. And if a small correction is completed and it is settled above the last resistance key level again, a very large upward force can come. Next week seems...
It is based on 1hr of gold. It can bounce off the floor once more to complete a small w-x-y correction. What matters is whether it sits above the last yearly resistance key level. If this fails, it will update the lows.
Gold has both possibilities.
1) A-B-C Correction (including expanding flat)
2) 5th rising wave
Since both break above the last yearly resistance key level, staying above this resistance is very likely to lead to a 5th rising wave. Conversely, if it stays below this resistance again, it is highly likely to complete the correction and update the low.
Gold will show a bearish trend for the time being if it can no longer rise above the yearly resistance key level. Many attempts have been made to settle on this line, but yesterday doesn't seem to be the last one. Now it is time to watch the trend of how much the A-B-C correction will be.