3 waves down , Leading Diagonal up, DZ down , 5 wave Impulse up, 3 wave correction down
Its 78 resistance its a significant number so gold might sit there in a topping pattern before coming back down
I think this might be the path of least resistance and also would be exactly the same movement as the last correction of the same size. This count seems to sync with the Oil Market and stock market in my opinion. We will find out tomorrow but I think stock market might have a day or two more of correcting then will go up again for a week or two then. Then gold...
If you missed the gold trade jump in oil stocks they follow golds big moves
TLT almost always bounces at the 50% retracement. Trade a weekly for a quick gain
xau/usd going long MPC will follow bouncing on .38 resistance and also a 5 year resistance. should go up fast with a xau/breakout. Oil has a delayed correlation with xau/usd following the leader.
Stock consistently goes down after a new moon and up after a full, It has a strong impulse down from last new moon with an ABC going up since the last full moon and the wave C shows signs of an ending diaganol losing momentum. Looks like it is going to take a trip down also is in the energy sector which had a bad dip on friday and i predict this downward trend...
gold over few months can up at any time but there is a chance it will reach another low to finish correction before heading back up
larger impulse at resistance. and a small head and shoulders formed around that area
spy going down elliott wave