[rovingambler]

   

Daily... think present cloud ---volatile price action anticipated (FED heads all talking today after market of course)

Rangy price action.., personaly watching for a big candlestick statement in the 130 area... hold above 130 good for prices (longs) bad for yields (short)

My count here (not shown on daily) from the 135.25 Feb 11 high) -- A down, now working larger abc for B to finish up at either 132.18 (running flat) or regular flat correction... not expecting 135.25 to be taken out to the upside


   

Hourly -- left the daily fibs on and didnt add any lesser timeframe ones.... bullish above cloud and cloud rising/trending higher.... May 3 gap and hold above cloud figuring prices rise higher to the 131-132 handle


Finally, I think that China wants to deval to keep bonds yields low... US wants some raise in rates for inflation targets and growing econ narrative... somehow I think gold gets smackdown so that China can get something it likely wants in lieu of rates that have to rise otherwise the world econ implodes and we get the big down wave that all bears see...