inside count hard to show we are now in expanding leading and v possibly looking to break out to test 1950-60 eventually. 1983 is pivotal strong rejection and buyers there.
A clearer view of count in terms of ending diagonal still thinks this is possible. More of an idea on how it plays out but there is a few scenarios. I have been intrigued by the 3 wave move from 1451 to 2075 and certainly, I feel that a 5 wave count just doesn't fit right.
Daily count now inside small triangle while most are v bearish i am v opposite lovely text book correction
same idea while most are now super bearish no drama when everyone is convinced good time to check opposite
daily view creating foundation 12 12 12 we are ready to move up 1755 is of interest if it can hold. If not we are looking at 62% 78% 40-30 zone to look for longs if day trading recommend sl under 21.
interesting support here created a channel that seems to be respecting. Pattern observation
cycle elliott wave count extending/ending diag target still 2530 minimum and we see in terms of possible longer term targets. Many now see bear sentiment is now perfect for gold to move up. When that time now or into December/January buy the dips! bullish confluence everywhere.
Complexed wxy followed 1 2 very well hidden fractals within these moves through nfp. Certainly succeeded in exciting bears and increasing bearish sentiment. Cannot see anything bearish suggesting some very nice pretty pattern charts predicting 1500 and lower. Technically and equally fundamentally gold can only go one way. But time always tells and they can...
Gold cup and handle pattern trade. Projected target for cup and handle 2800 as per rules of extension and projection
bearish divergences on weekly and monthly lots seeing uj as bullish simple channel analysis
simpler view following bearish trend going back 90s if gold is to start a bigger bullish cycle.
here is the super bull! and i know there is some that see this cycle. I am more for 2700 but it cant be ignored. God help us if this is the case!!
likely take longer i suspect til December before move up but no mistaken symetrical patterns
Another scenario is a larger abcde and it does seem to support a triangle formation. Which would also support a wave 4 also.
alternative bullish count i feel we may see some type of ending diag but the alternative is a normal ending and there is scenarios where this can be 5 of 3. We must concentrate on final leg and see pa similar to 2075 top.
Don't usually post weekdays but this may be going to frustrate for a while longer before the last legs up commence.
simple analysis of trend at massive multiple support we may play short term but only way it can go