Monthly Archives: November 2015

Platinum

The medium-term bear trend in its very late stages :

Platinum is searching for an extreme low on the current levels, which is very close to the target at 824.

The ultimate target is in place around 824, where Minuette-degree first and fifth waves are equal.

Platinum - Daily

Advertisements

Silver

Searching for an extreme low :

As shown on this weekly chart, Silver is searching for a significant extreme, as Primary-degree wave A(circle)’s low, around the mid line of its medium-term channel.

The Silver’s medium-term bear trend is approaching its conclusion, since an ending diagonal always terminates the wave structure at a larger degree and a reversal tends to be swift and sharp, retracing back to the origin of the diagonal pattern.

Silver - Weekly

Gold

Searching for an extreme low :

Gold is searching for a significant extreme, as the Primary-degree wave A(circle)’s low, surrounding the medium-term channel line.

The Gold’s medium-term bear trend is approaching its conclusion, since an ending diagonal always terminates the wave structure at a larger degree and a reversal tends to be swift and sharp, retracing back to the origin of the diagonal pattern.

Gold - Weekly

Silver

The medium-term bear trend in its very late stages :

After an impulsive decline in Minute-degree wave a(circle), Silver will soon mount on the same degree wave b(circle), which will result in a final decline in wave c(circle).

With respect to the ending diagonal pattern, the wave structure of the current decline since late November should be traced out in a three-wave.

The extreme point of bullish ending diagonal might be around 13.49, likely in late December.

Silver - Daily

Gold

Bear trend in its very late stages :

After an impulsive decline in Minute-degree wave a(circle), Gold will soon mount on the same degree wave b(circle), which will result in a final decline in wave c(circle).

Based upon the duration of prior declines in Minor-degree waves 1 and 3, the wave structure of their same degree wave 5 would be unfolded entirely, until late December.

Gold - Daily

GBPUSD

Bearish Outlook :

The Cable’s bearish stance is in place, so that a decline below 1.5027 (Nov. 6) will confirm this bearish count.

The Minuette-degree wave (iii) has potential to decline through 1.4576, where it will achieve the 1.618 times the length of the same-degree wave (i).

GBPUSD - Daily

DX

Bullish Outlook :

With respect to the waves structure, the U.S. Dollar’s strength in extending advance that followed by the overlapping waves, would suggest that Minor-degree wave 3 is well approaching its extreme high.

The ultimate target for the extending third-wave is 100.28, where it equals 1.618 times the length of the same degree wave 1.

DX - Daily