Gold Daily insight
Here is a picture which might make more sense in overall insight..
we have 2,5 days to move before FOMC so ED wave c as cZZ=bFlat has enough time to unfold..FOMC could bring impulsive move above 1345 as cFlat = BFlat on weekly...then both, euro and gold will go to bottom low for longer time......
I would expect that whole correction up from 1240 would unfold as seen 3 waves seen on weekly but sometimes correction is single move as now first up to 1345..that is why I can not claim we will go above 1345 for sure...bottom at 1275 could be 1ED and move at FOMC stops below 1345 as 2ED..we will see...sell above 1345 will be interesting for my opinion..
Here is a picture which might make more sense in overall insight..
we have 2,5 days to move before FOMC so ED wave c as cZZ=bFlat has enough time to unfold..FOMC could bring impulsive move above 1345 as cFlat = BFlat on weekly...then both, euro and gold will go to bottom low for longer time......
I would expect that whole correction up from 1240 would unfold as seen 3 waves seen on weekly but sometimes correction is single move as now first up to 1345..that is why I can not claim we will go above 1345 for sure...bottom at 1275 could be 1ED and move at FOMC stops below 1345 as 2ED..we will see...sell above 1345 will be interesting for my opinion..