Gold reached $1240 fifth wave measured move target.
Silver almost touch $19.5 fifth wave measured move target.
Crude Oil rebounded from $93 fifth wave Ending Diagonal target.
RSI and MACD BUY Signal in Crude Oil, may be too in Gold and Silver soon.
$USD Head and Shoulders pattern versus 3rd...
Indices@roundnumber.com
INDU 16000.
SPX 1800.
NASDAQ 4000.
TRAN 7200.
UTIL 510 (500).
Ascending Wedges in SPX, NASDAQ and TRAN.
RSI SELL Signal in INDU, SPX, NASDAQ and TRAN.
MACD SELL Signal in SPX, NASDAQ, TRAN and UTIL.
MACD and RSI SELL Signals are profitable.
EUR/USD fell sharply when previous high support was broken.
Targets at measured moves, MA(200) and previous low are between 1.310-1.325 .
Gold rebounded to but could not stay above MA(50), then fell to $1305.60 .
Reverse Head and Shoulders pattern target = $1420 near MA(200).
Head and Shoulders pattern and Wave IVc]5)3 target =$1190.
Note: MACD SELL Signal.
EUR/USD and $XEU fell from double measured moves.
Is this the beginning of Wave III3]?
Break of 1.345 top will tell.
Note: MACD and RSI SELL Signals.
MA(50) and supporting trend-line at 134.89 and 134.6 .
Wave 2]c) ended at 78.99 and jumped to 80.33.
Three resistances ahead:
MA(50) at 80.69.
Resistance trend-line at 80.5.
Previous low at 80.77.
Note MACD and RSI BUY Signals.
Next is: Very "Big M" versus "1]-2]-3]".
Break of 80.77 low will be more bullish.
EUR/USD and $XEU's "W" pattern trumped Head and Shoulders pattern.
Wave pattern does not look like 1-2-3-4-5 impulse wave pattern.
More like a Double Zigzag pattern.
Wave III2y]c)5.5 is at double measured moves, resistance trend-line.
There may be some set back soon.
If not, next measured...
It is unclear whether Silver is in wave 5 UP or wave 5) DOWN.
Wave 5 UP target is $26-27.
Wave 5) DOWN target is $16.
Note: Silver is just above MA(50) and previous top/low. MACD BUY Signal.
Gold rebounded from upper supporting trend-line instead of the lower one.
May be another Head and Shoulders pattern is forming again?
Note: Gold at MA(50) resistance. MACD BUY Signal.