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GOLD - Is This A Top In Gold? - Extrapolation Theory Demolished.
Gold Spot / U.S. Dollar
GOLD - Is This A Top In Gold? - Extrapolation Theory Demolished.
By AriasWave
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Nov 12, 2020
2
Nov 12, 2020
Just because something has gone up for years doesn't mean it will continue.
Sure this count could be wrong but what if it is right?
What trend ends with a Zig Zag? ...An ending diagonal.
Long term charts suggest that before the data on this particular chart there was a Zig Zag Wave i followed by a sharp Wave ii.
What we have seen since all points to either a weak Wave C or Weak Wave E. I do not have enough data to know which one.
It can only be one or the other, that is how AriasWave works.
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