Gold futures 2017-10-31

I have been putting off a bigger picture gold post as I have been reevaluating the big picture EW counts. Let me start with the two scenarios I had been using and move on from there.

Wheat, Corn and the ETN JJG

To my eye, grains are in an ending diagonal or wedge in the latter stages of its development. Let us start with the ETN JJG which I think has the same ending diagonal form as wheat and corn but where a wedge is easier to see.

Natural Gas (via UNG) 2017-08-28

Updated weekly chart but very little change from the earlier post here which you should read as a reminder of the possibilities. The most noteworthy difference is that the cycle detection is focusing on a shorter cycle which has the ideal low at the end of September.

Consumer Discretionary ETF (XLY) 2017-08-19

XLY is on plan correcting as expected. Can use a little lower over the next week or three to test ♦♦.♦♦ to ♦♦.♦♦ after which we see if they can muster enough energy to push to a new high, the main scenario, or if any bounce sets a lower high, the alternate.