I think we have one more leg up for wave 5 for this C leg before this ratio starts a new impulse if 5 waves down.
So GOLD should head down for one more leg before we fire off.
So GOLD should head down for one more leg before we fire off.
Note
Can finally see some bottoming PA on this ratio. If prices manage to hold low and break above 74, weakness in gold and silver expected till this missing wave 5 is completed.
Note
One more missing leg before we are done, wave proportions suggest this recent top to be taken as wave 3 instead, since wave 3 is always the longest wave.
Hence, gold bulls be patient !
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.