ichangeyourmind

ichangeyourmind

A temporary bear market will take control soon, with $2450-$2500 possible before it begins its journey above $3000.

ichangeyourmind

The current price action clearly indicates that gold is going to surpass $2800, after which I expect a 5-wave correction. Even if this is not a 1-2-3-4-5 wave, we are in a large ABCDE pattern, and a significant B wave is coming now.

ichangeyourmind

After my previous optimistic idea, here’s a scenario that seems much more likely! Now I can also see that gold needs a little break before it can head towards the $3000+ target price! I think the $2500 avg. price level is a very good entry point before the first wave of the fifth wave begins.

ichangeyourmind

Now that Gold has completed the final ABC correction of the 4th wave, nothing can stop it from heading toward 2800 to complete the cycle! This information does not constitute financial advice or recommendation and should not be considered as such. This is only my opinion! Always do your own research and seek independent financial advice when required.