We like the idea of Gold trading higher in a triple three corrective structure.  Short-term expect a test of  1299 area to complete wave (( w )) of Z. After this Gold should make a 50 – 61.8 % pull back of the rally from 1237.70 low and see more strength toward 1308 – 1337 […]

Preferred view suggests Copper has complete the triangle thrust which also completed the cycle from 3.425 peak (1.2.2014). We have labelled the decline from 3.425 – 3.175 as wave A and treating the current recovery as wave B. So far we have seen 3 swings up from the low so that should have completed wave […]

Preferred view suggests metal has thrust lower from the triangle and wave B appears to have completed with a test of 3.223. Metal is now expected to turn higher. In case of further weakness, 1.236 ext of wave (( a )) at 3.199 could be tested before wave C higher starts. Hourly cycles are positive […]

Preferred view suggests metal has thrusted lower from the triangle and is currently in wave ( b ) of triangle thrust. After wave ( b ) completes, expect more downside toward 3.19 – 3.2228 area  to complete wave B before it turns higher in wave C. The hourly cycles are positive so we don’t like […]

Cycles from 1363 & 1434 highs have ended and yellow metal is trading higher. Initial move up from 1182 – 1248.50 was in 3 waves which we have labelled as red wave A. This was followed by a running FLAT correction in wave B which completed at 1218. Pair is currently trading higher in wave […]

Wave A is over and wave B pull back has started. Expect lower prices toward 3.21 – 3.23 to complete wave B before metal turns higher in wave C. Hourly cycles are positive so we don’t recommend selling into proposed swing lower. As there is no red boxes on the chart, so we don’t like […]