Snippet taken from the weekends post


Whilst there are enough gyrations to argue for a possible end to the trend from 1236, its not really done anything to derail the current rally, holding above 1310 can still argue for a small triangle for wave iv, or possibly it develops a small ending diagonal for wave v (wedge). There is still scope for a move above 1330 to end wave [a] of the larger wave [y].

A break back under 1310 should be enough to support more weakness and suggest wave [b] was likely in progress. Any weakness for wave [b] should prove corrective and remain above 1236, that can offer a bullish opportunity for members that want to jump on the trend. Bullish above 1236.


Read the rest of the post here

Sign up to find out where Gold is going, did you miss the rally from 1236?

Click here to sign up for updates for Gold, Silver, Crude oil and occasional updates for Natural Gas

CLICK HERE