commodities

Charts: Gold
INTRADAY   I   4HOUR   I   DAILY   I   WEEKLY

Intraday

Gold 1 Hour Chart
Wednesday, 9 January 2019 at 12:44:00AM AEST

GOLD is dropping from the 1295 level in five minor waves, which can be start of a wave c of a higher degree. We know that after every five-waves a temporary three-wave pullback may follow, which can later look for resistance and a turn lower around the 1287/1290 region. Invalidation level is at 1295.

4 Hour

Gold 4 Hour Chart
Tuesday, 8 January 2019 at 6:26:00PM AEST

Gold made a five-wave rally within final sub-wave v of A, and found a top near the 1300 level. A drop that followed from the highs, can now be recognized as a temporary pullback in play, labelled as a bigger wave B correction which can look for support and a bounce near the Fibonacci ratio of 50.0 or 61.8.

Charts: Oil
INTRADAY   I   4HOUR   I   DAILY   I   WEEKLY

Intraday

Gold 1 Hour Chart
Wednesday, 9 January 2019 at 12:44:00AM AEST

GOLD is dropping from the 1295 level in five minor waves, which can be start of a wave c of a higher degree. We know that after every five-waves a temporary three-wave pullback may follow, which can later look for resistance and a turn lower around the 1287/1290 region. Invalidation level is at 1295.

4 Hour

Gold 4 Hour Chart
Tuesday, 8 January 2019 at 6:26:00PM AEST

Gold made a five-wave rally within final sub-wave v of A, and found a top near the 1300 level. A drop that followed from the highs, can now be recognized as a temporary pullback in play, labelled as a bigger wave B correction which can look for support and a bounce near the Fibonacci ratio of 50.0 or 61.8.