DeMarco_Fibonacci

DeMarco_Fibonacci Updated 

Gold is near bottom, 1680-1690 . Deflation is on the way, usually gold does very well. After this wave it will potentially be in for a long ride to the upside, ultimately seeing 2k+.

DeMarco_Fibonacci Updated 

Ultimately I see oil dropping to a retracement level after this retracement level has been reached. I see it following this similar trend, although it may not happen as quickly.

DeMarco_Fibonacci Updated 

Considering the instability that all markets are in right now I believe most are due for a correction. If BTC shoots up I dont see it going past 22k without a reversal. All depends on confirmation following impulsive movement.

DeMarco_Fibonacci

My position still stands, should see gold fall lower to finish its final bearish wave around the 1670 area for the correction to be complete.

DeMarco_Fibonacci Updated 

When analyzing correlated pairs there are distinct similarities in patterns. After this retracement I can see this reaching the 150.000 level easily and it may push a bit past it.

DeMarco_Fibonacci

The corrective wave that we are currently in is almost finished estimating a drop to 103-104 area. At the end of the wave there should be an impulsive move up breaking previous swing highs. Potential long target of 112.000

DeMarco_Fibonacci

Recently retraced at the 38% retracement, moving back up to some recent resistance. Will watch the 136.100 level for a continuation or a reverse. If it pushes past this point it may reach 138.000 target but if it rejects again then it will take a turn to the downside at least to the 134.400 mark which would end the wave C and will potentially look for a long...

DeMarco_Fibonacci

It has performed a pullback which was expected. It has shown that it is an active corrective wave. I expect it to retest the 135.500 level but then observe how it reacts to the area. If it rejects with an impulsive move down then I know that it is still an active corrective wave which would result in an even lower target possibly the 133.108 area to finish is...

DeMarco_Fibonacci

As it approaches previous high I attend on seeing a breakout, maybe a slight pull back to the 135.600 for a re-test. Looking for it to reach ay east the 138.000 level.

DeMarco_Fibonacci

Showing weakness, retracement to the 1700 level. May experience a slight move up to the 1850 level but trend is bearish.