Wave 2 Almost Complete - Patience Required. Will Post an update when a couple more waves complete.
This looks like a possible bottom in the bond yields aka interest rates. Yet another ending diagonal. Waiting for a couple more confirmatory waves to form before I post an update.
Looking for a 50% pullback in an ending diagonal before another move down. Neutral for now, patience is the key.
Good opportunity to go long with a tight stop. B wave of zig zag looks complete. Good risk to reward. Entry: At Market Stop: 1.07194 Target: 1.12198
If this pattern is an ending diagonal first we wait for the completion of the wave 5 zig zag and then we look for a break down below wave 4 to indicate that it is complete. It is expected that the minimum move will be back to the start of the pattern at around $3848. Entry: Could be $6418 or a pullback to be confirmed. Minimum Target: $3848 Stop: To be confirmed.
Wave 2 Almost Complete - Patience Required. Will Post an update when a couple more waves complete.
Gold has almost completed the wave 2 pull back which started in 2015. I will be posting a trading idea on this once I see a couple more waves happen. I want confirmation of seeing the first minor wave down in wave 3 before I make further assumptions.
Could this be an expanding diagonal? Everything tells me it is so let's find out. I'm expecting a drop to around the 50% retracement line first in wave 2 before more upside.
Wave II almost complete. Patience is key. Good risk\reward ratio Buy when price goes below 101.159 Stop: 99.349 Minimum target: 118.650