What if it was a wave 4 that ended in june and not a wave 3 down? If it was wave 4 then this count is for those who sees gold still need a major 5th wave up.
This is the count then:
I see a clear 5 wave up reaching 1435 for a wave from june 28 low where 3rd wave is not the shortest. I do not see an abc.
Wave is therefore a corrective wave down reaching a 88,6 retrace of wave making a WYZ count.
I think it's worthwhile having in mind that gold very soon could be making a throttle up! However, it will take move back above 1298.5 to begin to confirm this count. An argument for this count is that monthly and weekly macd and RSI are both making a higher high from oversold levels. If thats enough...Time will show.... as always.
Safe trading gents!
Music at work: www.youtube.com/watch?v=6ObLMvsm...
This is the count then:
I see a clear 5 wave up reaching 1435 for a wave from june 28 low where 3rd wave is not the shortest. I do not see an abc.
Wave is therefore a corrective wave down reaching a 88,6 retrace of wave making a WYZ count.
I think it's worthwhile having in mind that gold very soon could be making a throttle up! However, it will take move back above 1298.5 to begin to confirm this count. An argument for this count is that monthly and weekly macd and RSI are both making a higher high from oversold levels. If thats enough...Time will show.... as always.
Safe trading gents!
Music at work: www.youtube.com/watch?v=6ObLMvsm...