Short

Jnug to Gold "final drop in bound"?

Updated

I am expecting gold to move into its final drop and possibly bottom in February. Then we should get a very strong move up similar to the 2016 run. I do not see the start of the bull gold market. Just a large strong C wave up to above $1400.

And miners should also make a similar move as the 2016 run. GL

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This is the daily....but what I am not showing it the on the 30 minute it appears that we are in an ending diagnol. I think this reverses tomorrow.

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Gold chart

Looking for a little more upside to the blue line before a drop to at least the 1235 mark to start.

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1 Hour Chart

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A little gold idea update. Looking for a small bounce to start maybe Monday or Tuesday before the bigger drop begins.

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still on track

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Pardon the clutter...but these charts are for me really...if the idea helps you then great. Medium term. This is my thought. I think we are in a beginning diagnol for a larger wave 1 down. I think we are in a smaller 3rd wave of that larger 1, with the smaller 3rd wave making decent sized swings that I think is confusing the count for many. Maybe I am wrong but I was using the dollar chart and the gold cycle to help me figure out what may be going on. I guess I should post the dollar chart for reference. Neither of these are easy to decipher that for sure.

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Dollar daily...very tough to decifer. Longer term though...I do believe that the dollar is heading way up and I think we are just waiting for a Wave 1 to finish and wave 2 to begin. GL

SalN

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