We had a deep and fast wave ii, then we should expect a shallow and extended wave iv according to Elliot wave theory. Sell @ 1962 or wait for rebound to 1948 at wave (ii) of v TP1 1875 TP2 1820
Sell @ 1965/ OR If 1914 breaks just sell TP1 1875 TP2 1820
Bull pressure is very strong in this wave 4 so I expect it to touch wave 1 around 2012.
Updating Wave Count for GOLD WAVE 4;AB=CD Buy @ 1910 TP1 1974 TP2 1998 Sell @ 2002 TP1 1935 TP2 1822 Remember to trade always with low leverage!!!
Silver may reach 28.x but expect another fall to complete wave 4
DXY may reach 95.1x but major trend downward.
I believe we are going south once we see 2000k cos many buyers trapped and would dump once they see 2k. Wave A is in 5 wave and we are in wave 4 that may be an abc.
For a shallow and prolonged wave 2 we should expect a deep and fast wave 4. Gold may go to 1815 by Thurdays.
Do not ignore the fundamentals around vaccine versus shut-down of business due to increased COVID cases.
I am suspecting that GOOD NEWS will drop us faster than FEAR for safe havens such as GOLD. Dont get caught unprepared in the market that has been planned by the market makers. Wave a is usually in 5 sub waves and b could be 3 while c will be extended downwards.
DXY journey downward continues at .38 fib retracement of July
Buy on retest of 198x. Bulls in Control
DXY is relaxing on its journey to 84 after a long red monthly candle closing on a major trendline. It is likely to break downward later in the week and gold will push above 2k. BUY 1958. TP1 2012 TP2 2040 TP3 2110 Warning!!! High volatility this week trade with care
GOLD eyeing 2010 before drop. Buy 1950
Some retracement then BUY GOLD BUY@1824.8 SL 1812 TP1 1863 TP2 1906. Watch out for news that may trigger panic sell-off
Updating Wave Count. RSI and MACD div on D&W TF. We may go down if there is not breakout in the early trading session on Monday