thenry
Long

Is The Bull Over (That is the Question)

COMEX:GCZ2016   GOLD FUTURES
29 0 1
Strongly believe we are still bullish . The long term bullish trendline is still intact. Believe currently we are in a 4th wave of a minor Wave 1 (Wave 1 of Wave 3) If correct expecting prices to move down on Monday to complete Wave 4. 3 wave moves for the First wave are developing similar to the First Wave up (Brexit move) Expecting a Fibonnaci move up to equal roughly 100% of the wave 1 to 3. This would take us to a new high (Roughly) Then a 2 Wave retracement before the bulls take off aggresively. Looking for a strong ABC move up to end Wave 1.
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