Expecting a possible pullback on gold after the previous bearish run to at least the resistance area of 1980. Possible resistance at the 1937-1940 area too.
XAUUSD wave 5 finally happening after 0.382 retracement.
Possible long on XAUUSD as wave three on the daily has hit the target area, wave four expected to begin now with a possible take profit of around 1963. beware of the resistance one around 1954-1957.
XAUUSD short for the completion of wave 5 of the wave A corrective wave. previous analysis attached below showing the completion of wave 4.
Possible long term buy on XAUUSD to reach the last previous high.
Possible long term short on EURJPY for the completion of the wave C in the corrective wave pattern.
Gold headed for the wave 5 in the extended wave three. Wave three likely to end around the 1.618 fibonacci area which falls between $2000-$2010.
wave b being completed with the retraceent of 0.618 fib, wave C expected to start shortly.
wave 3 currently happening with the predicted completion around 1975 resistance area.
completion of the wave three and an exception of a small pullback to at least 0.382 fibonacci
0.618 Fibonacci retracement reached for the completion of wave 2. Possibility of wave 3 starting now.
Possible short on eurjpy . watch out for previous strong support as it may bounce off again before completion of this trade.
ETHUSD wave 4 happening retracement to at least 0.382 fibonacci expected
Possible continuation of a long on EURJPY until it hits the region of horizontal resistance above that intersects with the 4hr 50 EMA and 0.5 fibonacci retracement.