Be aware of the possibility of shallow wave 4.

Coreg's EW+HP+D/W Range

Retracement took GU to the resistance zone on the intraday chart. GU is still making LH-LL on this TF.

Coreg's EW+HP+D/W Range

fex, yeah, it seems the bulls couldn't wait to jump in. Usually, the move during the day is within 2 PPs levels. Today it was from PP to S2, and reversal.

Coreg's EW+HP+D/W Range

Yes, the 4158 level was taken out easily. As of now, gold has reached the resistance zone, but it may not be over yet. #'s on the chart.

Coreg's EW+HP+D/W Range

To clarify what bearish bat pattern I was talking about in my prior post.

Coreg's EW+HP+D/W Range

The potential zone for the end of wave 4 @ 1.3187-1.3241 is holding strong. On the daily TF, GU reached the first support zone @1.3123-1.3101. image For the day trading 30M chart. GU hit the second target @1.3110 after a bearish bat pattern. As ...

Coreg's EW+HP+D/W Range

The flag pattern on 5M was the warning. image How does it look on the futures gold chart? image

Coreg's EW+HP+D/W Range

update...

Coreg's EW+HP+D/W Range

The market is moving quickly on this TF so any chart will be delayed.

Coreg's EW+HP+D/W Range

Gold keeps giving. Weekly target @4158, but it doesn't mean it has to stop there. image Updated PP level.

Coreg's EW+HP+D/W Range

The 38.2% retracement level @1.3187 was too strong to be taken out on the first attempt. Watching how GU will act around PP @1.3168

Coreg's EW+HP+D/W Range

Gold entered the zone for the end of wave v.

Coreg's EW+HP+D/W Range

Finally, gold overcame 4045.75. It took a while. Now all eyes are on 50% ret—@4132 level.

Coreg's EW+HP+D/W Range

The minimum retracement after the drop @1.3187 was reached. The zone is wide for completion of the potential wave 4, so for today, let's focus on 1.3208-1.3227

Coreg's EW+HP+D/W Range

fex, you have a very good analysis. You should post more. Don't worry, we won't scoop your money. I'm saying this for years, even with different tools to anylise the structure of the market we can come to the similar ...

Coreg's EW+HP+D/W Range

Monitor the 15M chart.

Coreg's EW+HP+D/W Range

Sorry, thought about DXY. Regarding the GU weekly chart, the price poked below the channel and quickly returned on Thursday inside. The first potential resistance zone is between 1.3187-1.3242. Beware of possible flag formation in the making.

Coreg's EW+HP+D/W Range

Possible, if the DXY elects to play BPC setup (breakout, pullback, continuation.

Coreg's EW+HP+D/W Range

Whale, the DXY did minimum what was expected; ABC, flat correction, it's the first pattern that can stop DXY advance.

Coreg's EW+HP+D/W Range

Whale, yesterday GU closed at the top of the bar. But I expected a deeper correction. GU even didn't touch the 38.2% level (1.3092) of correction. WL (1.3097) and 50% of yesterday's range stopped the fall.

Coreg's EW+HP+D/W Range