Gold has finally closed above the major 4th Wave(Cayan).
It's tried numerous times & failed (This is huge) In
otherwards we are going to be Bullish here for
quite some time! On the other side of the coin,
I am expecting a correction downwards first. Perhaps a
Selling oppurtunity? (Against the Trend) On this chart
I've marked out the strongest lines in Cayan....
Looking for the Bears to take control this week. The
most important point being, 1282xx has been broken again.
Cayan trendline should get broken and am targetting the 1237xx
to 1197xx area. Really thinking the WXY (B or 2) is a running
correction & this will be a fast move.
Good Luck & enjoy your weekend!
Long term Bearish, but am looking for a correction this week.
Last 2 moves up have been a 61.8% retracement. They both have
been fairly sharp and quick. Suspecting this move will be similar.
I don't want to see the yellow trendline touched. If that happens this
analysis is wrong! Know it is going to try extremely hard to break it.
Note: It's also making a...
Still Bullish. Volume not quite there yet, but could be soon. Just really believe (so far) we are in a big "C" wave up on the Weekly & monthly time frame.Timewise as well this makes the most sense. On this shorter time frame we are just starting the Wave 3 up. A break below the current low would make this analysis incorrect. Anyways this is strictly speculation &...
I believe this correction downwards is close to being completed. If not already.
If we close below that "Yellow trendline" it will be over for the Bulls. If that happens
we are probably in a large triangle. Don't think thats gonna happen.
We are going up to break the top of the "A" wave. Details on chart.
All Traders "Have a Good Weekend!
Really think we are going to remain "Bullish" At least till June of this year. I just can't see this as a Triangle. For now I am analyzing this move as a
"C" wave up. Target @ 1478.00 area. This is close to 100% of the "A" wave. Currently believe we are in the 3rd leg up where we will reach the top of the "A" wave @ 1375.00. Predicting a shallow 4th leg around...
Looking for a Final move up, before I believe this Correction is complete. In my opinion, it is a W-X-Y-X-Z. Both wave "W & Y," have been an ABC
Or at least they have tried to simulate one. The "C" waves are sloppy five wave moves up. IMO are a bunch of ABC's simulating a 5 wave move.Am expecting that in our last "C" wave of "Z". Should get more volatile next week...