GOLD, Major Low and Reverse

Hi Traders, 

 GOLD (now at 1146) is almost ready to bottom down and reverse, probably around 1089 or the area 1043-1.032.

Once this occurs, a Major Turning Point and a subsequent rally should follow soon. Not to be missed.  Have a look at the blue lines in the monthly chart for the targets

 
TARGETS
first down to 

likely: 1089
possibly: 1043 - 1032

Then up:

likely: 1307-1320
possibly: 1380-1386

 
 
ELLIOTT WAVES

The monthly and weekly charts display that we are reaching the bottom of a major wave.  The 4-hour and 1-hour charts show that this could happens within a week.






weekly chart - click to enlarge

 

 daily chart - click to enlarge

 

4-hour chart - click to enlarge

1-hour chart - click to enlarge

 

GBPUSD Major Turning Point

Hi Traders, 

The GBPUSD (now at 1.4774) seems to be almost ready to bottom down around 1.46-1.45 and reverse. Once this occurs, a Major Turning Point and a subsequent rally will follow soon. Not to be missed.

Have a look at the blue lines in the monthly chart for the targets

TARGETS
first down to 

likely: 1.4665
possibly: 1.4602 - 1.4556
maybe: 1.4583-1.4538

Then up:

likely: 1.5174-1.5156
possibly: 0.5320-1.5466

 
 
ELLIOTT WAVES

The monthly and weekly charts display that we are reaching the bottom of a major wave. At this stage, it is not clear which Elliott pattern this wave belongs to. What it's clear is that we are close to a turning point and there will be a retracement as a minimum.

The daily chart shows that we are performing wave 5 and the 4-hour and 1-hour charts shows that this could happens within a week.




monthly chart - click to enlarge

 

weekly chart - click to enlarge

 

 daily chart - click to enlarge

 

4-hour chart - click to enlarge

 

1-hour chart - click to enlarge

 

 

AUDUSD, Major Turning Point

Hi Traders, 

The AUDUSD is scratching the barrel and is soon to reach a major bottom. Once this occurs, a Major Turning Point and a subsequent rally will follow soon. Not to be missed.

Have a look at the blue lines in the monthly chart for the targets

TARGETS
first down to 

likely: 0.7501
possibly: 0.7433
maybe: 0.7357

Then up:

likely: 0.7796
possibly: 0.8001-0.8069
maybe: 0.85080-0.8569



ELLIOTT WAVES

The monthly and weekly charts display that we are performing the bottom of major wave 4 (or maybe the first of the 3 major waves that will be part of it).

The daily chart shows that we are performing wave 5 and the 4-hour and 1-hour charts shows that this could happens within a week.

NOTE: This the completion of the "rule of the multiple 5s" ("the 5th of the 5th of the 5th" rule). This is the most important tool of the Elliott Waves Theory to identify major TTPs.



monthly chart - click to enlarge

weekly chart - click to enlarge

daily chart - click to enlarge

4-hour chart - click to enlarge

1-hour chart - click to enlarge