I have not posted on Gold for some time as the choppy wave structure has been difficult to work out in EW terms.
However I note that a high percentage of posts are on GOLD so interest is clearly present!
This weekly chart sees GOLD completing Cycle wave IV back in 2016 and in the early stages of cycle
wave V. The correction from the 1900 top looks to be a double ZZ W,X,Y and importantly
the correction stopped before wave 1 territory!
If correct GOLD will decline a bit further to 1246 OR 1217 before starting a strong intermediate wave (3) upwards.
Good Luck.
However I note that a high percentage of posts are on GOLD so interest is clearly present!
This weekly chart sees GOLD completing Cycle wave IV back in 2016 and in the early stages of cycle
wave V. The correction from the 1900 top looks to be a double ZZ W,X,Y and importantly
the correction stopped before wave 1 territory!
If correct GOLD will decline a bit further to 1246 OR 1217 before starting a strong intermediate wave (3) upwards.
Good Luck.