Friday, June 8, 2012

Xau/Usd : Big move down

Last time i talked about gold against the US dollar, the main count was bearish. This count was impulsive but price turned out corrective, which means that from the alltime high there is a complex double three correction, or WXY correction. Inside this complex double three, we are ready to start wave C of Y, which looks impulsive again, meaning that a powerfull 3th wave is ready to start.

4 comments:

  1. The most primary pattern to identify on a forex data is an uptrend or a downtrend. A demanding uptrend has each candlepower unit starting reduced and ending greater.

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