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UNLIMITED 2 days ago
Caution ... Caution!
1. in monthly chart red cloud is still dominant, and as long this remains, it is not quite correct to say that gold already in the bull market is ... until the cloud changes to green here can only be talked about a correction of the correction since 2011 will.
2. for this year needs gold a new year high at about 1466 but before that I still expect 1255 (October ?!), then up (until December 25), and after that high follows a year low for the next year (2017), which should reach at least 1125 ...
3. in 2017 (2018?) higher Levels are expected... 1589 until 1634-1676
4. Since 2011, I see only one ABC correction that have not yet completed, which would - in big picture - present a wave 4
The low 2015 = A
1634-1676 = B (in 2017-2018)
Potentially A = C
CONCLUSION: C fall to minimum 950/54
This whole story until the wave 4 is completed, can extend over the next 5-8 years...
only with the start of the wave 5 you can talk about a bull market, but till then we will all be about 10 years older ...
(please ignore grammatical errors)