5 - Volatility in 2018-2019 & The Financial Earthquake
The sustained and impulsive decline from February 2018 and down until August 2018 lows has been labeled as a complex Double Three in the Intermediate (W) (turquoise) degree.
In mid-August XAU/USD reacted with a bullish swing, and this move has been labeled as Minor A (light blue) within the larger degree Intermediate (X) (turquoise). Following that bounce-off, the sideways correction has been labeled as Minor B (light blue).
XAU/USD continued to rise afterwards, in what appears to reflect a possible Ending Diagonal scenario in Minor C (light blue).
Minor C (light blue) would be expected to continue the bullish sequence and retest the previously breached trend-line (dotted-red), after which it could be rejected and commence a bearish impulse towards new yearly lows, as the 1115.00 levels could be seen as turning points in a Flat Pattern for Cycle Wave B (black).
Minor C (light blue) would be expected to continue its bullish sequence from around the 1210.00 levels and rise in an impulsive manner towards the 1265.00 or even 1290.00 vibration zone.
In mid-August XAU/USD reacted with a bullish swing, and this move has been labeled as Minor A (light blue) within the larger degree Intermediate (X) (turquoise). Following that bounce-off, the sideways correction has been labeled as Minor B (light blue).
XAU/USD continued to rise afterwards, in what appears to reflect a possible Ending Diagonal scenario in Minor C (light blue).
Minor C (light blue) would be expected to continue the bullish sequence and retest the previously breached trend-line (dotted-red), after which it could be rejected and commence a bearish impulse towards new yearly lows, as the 1115.00 levels could be seen as turning points in a Flat Pattern for Cycle Wave B (black).
Minor C (light blue) would be expected to continue its bullish sequence from around the 1210.00 levels and rise in an impulsive manner towards the 1265.00 or even 1290.00 vibration zone.
