Gold has finished (or is finishing ) it’s wave “a”. Correction wave “b” can extend to 895-877 price level. From that point uptrend will continue
EUR/USD made reversal and uptrend wave “a” is already finished. Correction can extend to 1.4525 but minimal target is 1.4620
Notice: Because of the strange wave length sizes there is small chance that downside trend can resume and our wave count is wrong now
Finally pair did reversal and now is forming wave “a” of the upside move. Next target is 2.0000 level
Gold has traveled a lot! My view on the graph says that we are in correction of upside move and this correction must extend more to retrace at least 30% of the upside move.
Currently chart is forming wave “b” of the “abc” zigzag. Price will stop growth at 897.00 level or even before.
EUR/USD stopped for correction at 1.4920 which is 50% (not 61% as expected )of 1.4352-1.4823 move. Pair will find support at 1.4540 level and continue uptrend
Pair failed to form up trend wave, thus current wave scenario looks like we have final wave “c” in three levels. Target price level is 1.93
Pair didn’t succeed to develop downside formation and alternative scenario is in play now. It means we will see new heights - possible targets are 1.4955 (61% of wave “a”) or 1.5150 (100% of wave “a”).
It seems that pair has completed wave “b” and now we are observing wave “c” with possible target 1.4090 (minimal - 1.4309)
However there is alternative scenario which will be triggered if price will close above 1.4750. It will mean that our working scenario would be broken and price will go well above 1.4966 to 1.5110-1.5920 levels.
Happy New Year to everybody!
Gold has broken previous scenario and now is going up. Next possible target is 858.50 (minimum - 845.30)
Price drop below 800 is very unlikely and will break current scenario.
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