skewedtriangle

SteveTan

XAUUSD back to previous skewed triangle idea with price targeting ATH at 2450 before heavy selloff toward 2400 +/-.

SteveTan

XAUUSD probably forming an expanding flat ABC (Red) pattern in wave (C)(green) of triangle, Where it will probably "trap" both side of seller/byer.

SteveTan

XAUUSD trending down after the release of "better" CPI.. But "nobody" "care" WXX the inflation is now..That is "battle" within THE FED and WallStreet. While The FED "enjoying" the High rate, most its Citizens ...For rate cut..ONLY when WallStreet 'crashing" the market then.. The FED..

SteveTan Updated 

XAUUSD. It Took Gold 175 days to build BASE on wave II (Blue). So it probably will take 108 Days ( 175 x fibo 0.618 = 108.15). to form wave IV( Blue) for BASE before rally.