Things definitely have changed! Changes from my last Gold "Idea"
-Uptrend in 2 Pitchforks. Both medium lines resistances were broken (happens only in 20% of the cases). Within minor Pitchfork we have a strong Elliot impulse wave 3. May extend further..
- 200 day ma resistance broken
- falling wedge resistance broken (blue) (cross resistance with Pitchfork ML)
- long term resistance (red) broken (cross resistance with PF ML)
-320 day ma taken out ( also a cross resistance)
- it's weekend
- exceptional COT Report sentiment. An short term correction may be possible, but overall amount of open interests should rise to at least 410-420K till we see a major correction.
Just forgot Target: short term not below 1280 and intermediate turn not above 1490. It is a matter of US$ / DXY.
-Uptrend in 2 Pitchforks. Both medium lines resistances were broken (happens only in 20% of the cases). Within minor Pitchfork we have a strong Elliot impulse wave 3. May extend further..
- 200 day ma resistance broken
- falling wedge resistance broken (blue) (cross resistance with Pitchfork ML)
- long term resistance (red) broken (cross resistance with PF ML)
-320 day ma taken out ( also a cross resistance)
- it's weekend
- exceptional COT Report sentiment. An short term correction may be possible, but overall amount of open interests should rise to at least 410-420K till we see a major correction.
Just forgot Target: short term not below 1280 and intermediate turn not above 1490. It is a matter of US$ / DXY.
