Gold is in corection wave. I am wait for price to confirm b.) wave in Bearish triangle.
From this I can see that Gold has never break the below trend line since year 2000. If GOLD now is doing correction then it may drop down to 1685 & 1450. The price and sto is pretty much like Feb -Mar 2012. So I think GOLD will go down while I look at DXY to be Bullish for a couple years from now. If you have ideas to share, I am very please to see that! I am...
When I think that Diamond shape is wrong, so I take another look as a Bear Flag. Still I do not have enough confident in my chart yet. Need to learn more everyday.
My first try here. So this is meant my trade journal. I was thinking that Gold is making bull flag. But this one I try with Diamond bottom instead. It is trend reversal pattern. In that case Gold should breaking up. I will wait till it break 1875 to resume bullish.