Long to 1350 correction top then "Watch Out Below"

126 0
5 Wave Elliot wave down (Wave A of major correction 3-3-5) from peak ended in very long and slow ending diagonal (very rare). Expect a quick retracement in wave B (an ABC ) to 135 GLD or 1,350 Gold spot.

However, be very quick to reverse and go short as major wave C down ensues. Expect wave 3 to take GLD down to 50, where C will equal A.
Trade closed: target reached: Time to be looking south for a couple of months...Close long and either play overlapping correction to around 112 before going 135 - 140....then, as noted out below...this should be a fast moving major wave 3 down to well below ~80
Comment: (B) of this primary ABC correction has morphed into a triangle rather than terminating and beginning (C) upward. See my updated analysis on gold to see my updated forecast.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out