EVN chart, page-1848

Daily flag pattern on gold as it moves up to flirt with the upper trend line.
Daily stochs have charged higher to about as high as they get with the weekly also charging into heavily overbought territory so a touch of the upper trend line may invoke corrective and more consolidated action. We'll find out soon enough.
Evn stochs have corrected into a more benign state on the daily while the weekly are well overbought.
We may get $us gold corrective action but steady to higher $aud behavior.


Looking at a weekly evn chart and it looks like the fifth wave is moving towards completion. The two blue circles indicate waves two and four which are corrective. The third wave is almost always the biggest
The daily target is 3 ticks below the length of the third wave so it will be interesting to see if it hits it before corrective action begins again.