Strong resistance is at 1360.1 (red line). Although it does not look like it, I would still expect a higher high tomorrow ... or just until Friday. As long as 1305 is not broken, I stay with this view.
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Gold also falling the next H4 candle. Then it will be interesting.
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Daily = butterfly = bearish I count with 6 bearish days (from the last daily high)
Intraday daily first support around tenkan. Tenkan-Kijun cross = daily = bullish
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Assuming I am right, then I would favor the wave 4 falling to 1305.27.
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Tomorrow daily needs a HH as today and therefore, if the b does not run over 1341.66, then the c as in the chart.
Hereby I would like to contact all followers and inform that I am - until further notice - in the holidays and will take part in the updates only occasionally.
Wish you all a good time and many successful trades.
Take care of yourself and see you then ;-)
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i If there is no closing price (daily & weekly) below $ 1381(the red line), then gold could stay above it for another 3 weeks in july. If the price falls below that level, then the next target would be $ 1341.
@YIQI, Sorry, my PC is almost always on, only I am not always present ... occasionally I look at the charts but do only a few trades during the week.
I want to relax and distance myself a bit from the stock market. For gold, I look where this month closes.
Next week should be slightly higher than this, then a possible correction ...
Generally speaking, as long as 1360 holds, then another one - two months could have bullish bias. If it's over $ 1433, then $ 1468 follows ... We'll watch ... Have a nice weekend. :-)
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@NeverNO, i see, thanks very much, have a nice weekend, friend...
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the gold is too strong
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i'd like too
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H4 - bearish butterfly
Break and close under 1331 (daily) leads to 1305