After it broke out of the Leading Diagonal, price is now making 3 waves pullback for Wave (2) before more upside.
Wave (v) of (C) of (Y) looks to be in Ending Diagonal. Expecting price to break to the downside.
Also identified in this chart is one harmonic pattern Bullish Gartley. I will update it in next post.
Also it is in the zone of a Bearish Bat.
I published an WXY Correction previously. It seems now the Wave 5 of ((A)) is in Ending Diagonal and going to be completed soon as it has already made 5 waves move from the low of Wave (iv)
After it made 3 waves pullback from peak of 13th March to the low of 16th March, price went to make 5 waves upward move and ended at the peak of 20th March 111.49 and labeled as Wave ((A)) of ((Y)). I also identified a Bearish Bat harmonic pattern which i will post shortly.
I published a wave analysis for this instrument and also identified an harmonic pattern Bearish Bat. Take profit for this pattern wuld be the minimum at 38.2% of fib retracement from the low of 9th March somewhere 107.550.
I published a wave analysis for this instrument and now i identified one harmonic pattern within completion of the wave count. Please refer to the link below to view the other analysis.
After it peaked at $1703, it ended the whole cycle from low of January 2015, now pulling back in 3 or 7 swings. On short term cycle, price might do higher pullback/retracement towards $1557 - $1621 to complete ((B)) before making decline towards ((C)) to complete this whole ABC Correction.
I published a possible pullback for Gold on 9th of December and it took place in 7 swings as WXY Correction. As long as price holds below the peak of 4th December, price will still incomplete for bearish sequence from peak of 4th September.
Last two weeks i posted a possible ABC Correction for this metal and price made a dive down from the minimum 100% fibonacci extension that i've mentioned in previous analysis. Now we could see market pullback soon for at least in 3 waves before continuing more to the downside towards 100% fibonacci extension ($1420) from the peak of September ($1557).
One more leg higher towards $1483 - $1504 still can't be ruled out as long as price did not break low of 12th November ($1445.50). Note that on the daily it posted as bullish candlestick.
From my previous analysis, looks like Gold made 3 waves back as (X) then on Friday, it could look like an Expanding Flat ABC Correction. As long as it did not take out the low of $1456.25, then another leg up is still possible towards $1485.20 - $1493.10.
I posted a wave analysis in my previous post, and now i identified a potential bullish bat possibly to labeled as (X) and could still have one more leg up towards $1490 - $1492.
The advance from 12th Nov low, could be unfold as wave (iv) of C from peak of 25th October or Wave (B) of (Y) from peak of 25th October. Identified here is also one bearish harmonic pattern that will be completed at 88.6% of XA somewhere $1488.60. Shorts is the way to go because of the incomplete sequence from the peak of 4th September to complete the whole WXY...
Gold broke the low of $1459 (1st October) and this means that the bearish sequence is incomplete towards $1420. After making 5 waves down from the peak of 25th October ($1518.90), price is expected to make a 3 waves pullback at least. Also visible here is one harmonic pattern Bullish Deep Crab which could signal the completion of this wave down and make a...
After it broke the ascending trendline, expect it to retest it and hit the bottom of the rectangle pattern.