The is no change to my overall picture for Gold, calling for a continuation higher towards the target at 1,636. The ending diagonal still seems to be the best fit and we should soon see the next move higher, but must accept a move lower towards maximum 1,603 first. A break above 1,616 confirms that the next move higher towards 1,636 has begun.
We should soon see Crude oil move up through 100 for a move into the resistance-band between 104.74 - 107.60, which should be the termination area for wave [B] and setting the stage for wave [C] lower. Support is found at 98.50.
No comments:
Post a Comment