By closing daily below 1994, gold has confirmed the fall again until 1940-1960, which was done after confirming until 1974 (200 PIP). Further, from the point of view of technical analysis, two targets of 1960 and 1940 are still active. After touching our desired targets, we expect a pullback to the broken channel line, but from the perspective of time analysis,...
In the long term, gold is expected to reach the bottom of the channel
Eurodollar update> completed the pattern very nicely as expected
According to the analysis, gold continued to correct after completing the harmonic pattern to reach the target.
At this time, gold has returned more than I expected. At this time, it is in a descending channel. Based on the Fibo percentages, I expect a bullish pattern to form.(head and sholder)
At this time, gold is suspicious of a head and shoulder pattern. The field close-weekly range is below 1717 and the close-weekly confirmation range is above 1787. The period of two to three weeks to build the right shoulder will be between these two ranges.
At this time, according to the analysis, S&P returned from the end of wave 3. I expect correction mostly in wave 4.