Update 30th Nov:
Update 24th Oct:
Back to the daily chart XAU/USD for a reminder of how Intermediate wave (3) was formed. The test of the resistance has a lot going for it and is virtually unstoppable. As is well known by all, the Intermediate wave (5) has a typical target of being equal to wave (1).
Update 22nd Oct.
This 4-hourly XAU/USD chart sees complex Minor wave 2 at support raising goldbug hopes.
Updated 17th October 2019:
The updated hourly view provides an exercise in application and indicates that the delayed breakout is mustering.
For those invested in the Old Mutual Gold Fund there is little hope of common sense being saved from the mindless actions of the controlling savages. They cannot begin to understand that their best performing fund is still very busy delivering long awaited returns. At the seasonal peak for gold they proceed to abuse their roles and trash their best performing funds. Absolute insanity has become the hallmark of the new and totally incompetent ruling class of South Africa.
And you want to invest in the ongoing and inevitable consequence?
Wave Labels:
From 14th Oct:
The hourly view of the channel points to an upcoming retest of the upper boundary.
For safe havens it has been sell the rumor. Now its a case of may the best algo win. The seasonal shift is another cup of tea leaves and the silver XAG/USD chart pattern is more compact also supportng the Minor wave 4 breakout expectation.
Below is the daily chart of XAU/USD for the past 12 months where the shift against the seasonal chart can be deciphered.
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