SLYH01

Gold the widowmaker fall

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SLYH01 Uppdaterad   
SAXO:XAUUSD   Guld / USA-dollar
-Throughout the progression of the last Idea, we reached TP2 of bat (type 2) and the forming of new shark 1.13 and deep crab in (1927) hop lvl is (2001).
-I must say that harmonics must have a confirmation disruptions reaction, ie. head and shoulders, double top, rising wedge...
-Through looking at DXY, US10Y, Inflation 10 y rate (USIRYY), inflation expectations (USIE), and a bunch of US pairs my finding suggests that we will have a strong sell-off, when ever that ends it's move.
-From EW looking in the direction that it's going for 3 of C around (1450-1350).
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We are in a good shape here
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update:
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bearish momentum has not been broken yet, though the daily bullish momentum has not broken, that's why we wait for confirmation.
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see you in 3 months, unless there is an update needed to be shared.
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A slight change in the short TF.
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I'm expecting a failure of this movement up, especially with USIE came at 4.2%,
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Order avbruten
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