gold...again

 I went back and looked at this again and the intra-day pattern
was bugging me.This needs to be watched more carefully.
The Gartley pattern has retraced .618 which is a good retrace.And what I referred to being an a-b wave ,could have a 'c' in place.It measured close to 109% .The Full stochastic are positive, even though the DMI is still negative. Any break in the 'B' wave @ 1434 would definitely be bullish.The larger fib projection could be pointing to an D wave projection of an Butterfly.

with I-cloud added and obv

Technically the I-cloud has a sell but watch for it to turn bullish.For another 5 waves down we need downside momentum and that kinda looks like it's holding up.The lagging line is still in the cloud and that needs to break through.My point of view if gold was starting an wave V up, I would want to see a double bottom or pattern of some sort.For this to be a 'ugly' double bottom it would have to be with-in 5% of the previous price bottom.


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