XAU-USD a bullish scenery is taking shape
Main scenery (purple arrow and box):
The minimum hit on 1,301.50 zone (in that seems to be at first a wave C down) has opened the door to a major bullish scenery on medium term, with a TARGET SHELL of 1,360-1,364.00 in a new impulsive movement. This scenery has 83 % Technical Statistic chance.
This hypothesis is supported by 94% Technical Statistic chance, on the Daily compression chart in the zone between minimums 1,301.50-1,303.60.
Alternative (Red boxes):
The current maximum at 1,318.00 could also be the culmination of a wave iv of C, clearing the path for a v of C wave, to target 1,294-1,292 zone, finishing there the wave C instead of the current values of 1,301.50.
This scenery has up now f 50% Technical Statistic chance.
The minimum hit on 1,301.50 zone (in that seems to be at first a wave C down) has opened the door to a major bullish scenery on medium term, with a TARGET SHELL of 1,360-1,364.00 in a new impulsive movement. This scenery has 83 % Technical Statistic chance.
This hypothesis is supported by 94% Technical Statistic chance, on the Daily compression chart in the zone between minimums 1,301.50-1,303.60.
Alternative (Red boxes):
The current maximum at 1,318.00 could also be the culmination of a wave iv of C, clearing the path for a v of C wave, to target 1,294-1,292 zone, finishing there the wave C instead of the current values of 1,301.50.
This scenery has up now f 50% Technical Statistic chance.