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The Gold Wave count shows that the downside correction from 1307 highs has completed at 1219, the 50% Fib retracement of the move up.
We can see a reversal from current levels for either the bigger C Leg to take us to the 1330 area, or a pull back against the downtrend. Current view prefers another leg higher as the main wave from lows is a single correction so far.
This translates into another leg of weakness for the Dollar, driving the crosses higher for the next few weeks
We can see a reversal from current levels for either the bigger C Leg to take us to the 1330 area, or a pull back against the downtrend. Current view prefers another leg higher as the main wave from lows is a single correction so far.
This translates into another leg of weakness for the Dollar, driving the crosses higher for the next few weeks