bears on gold were unable to do more... if the channel roof breaks, go long long long...
as the usd index is also on the rocket and ready for break higher, so the gold can fall nice and sharp . target 1821
as the image shows the usd index is gathering its energy to make an spike out of the confluences of resistances. one of these resistances is the channel roof and the other one in 90.8 level. we can see the upward move on usdchf and usdjpy SIMULTANEOUSLY... USD shorts are ready to be squared...
dear traders who are short on usd cad, be careful of the end of the downtrend and get ready for at least 23.8 retracement to 1.3090
the shining metal is in the 5th wave and we predict that the way for shining metal is to the down
here some strong rationales on a period of usd resilience in near future
as we see there is a 5 wave and the 5th wave contains 5 complex correction wave itself, so we prefer to sell gbp and its crosses... enjoy it
as the picture shows the bearish wedge is getting tighter and tighter....
shorts on eur.gbp will be in danger because the slow downside move could be reversed easily ...
eur/usd daily chart and elliott analysis are pointing to the downside reversal ahead....
as the shown in picture the upward momentum decreased awfully and bears are in born phase for their children... the the bulls ought to exit their longs on any upticks ,,, as we know gold getting wild in selloff phase and so many traders will square their longs,,, so bulls be aware
gold is trying to break below the triangle and if it can we will see it on 1870-1862 zone
usdchf is on the tightening wedge and will end the dollar weakness soon... Shorts be aware
as he h4 chart shows , gbpusd trying to break short term channel and go to the price-time zone target
look at the trend lines and triangles shaped in the h1 chart
as the downside momentum eased, the price/time zone is a clear reversal zone
by the 2 trend line junction, we are anticipating another leg of higher move....
a longer term channel is in place for gbpusd...