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broughro
Jan 27, 2017 10:07 PM

(C) is underway! Long to ~140 Long

SPDR Gold TrustArca

Description

The (B) retracement to .786 of (A) has completed (deeper than the .618 retracement I expected) and there is a complete small "5" up and "abc" correction to complete 1 circle and 2 circle of (C).

Long now until ~140 before the next VERY significant leg DOWN....don't get caught...close out anywhere north of 134...

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.
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