GOLD Near Term Prospects
Updated
Looks like we are having a nice rally in GOLD to finish out the c-wave of a multi-month (b)-wave.
Fundamentally, GOLD is in a correction, so expect tops to be spikers and bottoms to form over time. Thus, once this (b)-wave rally completes somewhere over 1520, expect price to get Monkey Hammered down in the following (c)-wave.
Fundamentally, GOLD is in a correction, so expect tops to be spikers and bottoms to form over time. Thus, once this (b)-wave rally completes somewhere over 1520, expect price to get Monkey Hammered down in the following (c)-wave.
Trade closed: target reached
The c-wave traveled all the way up to the target zone, with no pull back. This is pretty typical behavior for c-waves. Price will likely roll over and start a ferocious decline at this point...Related publications
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