GOLD - Super Cycle Wave 3 - ACCUMULATE

GOLD continues to be a strong buy.

Will update.

Please see previous analysis for further information.

Cheers.

AB

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1 Hour Wave Count:

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6 Hour View:

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First of all, in a converging diagonal triangle, you will notice that the third wave will be shorter than the first wave, and the fifth wave will be shorter than the third wave. You will also allow the overlap of wave 1 by the fourth wave.

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If they occur in the first wave position (Above), where they are known as ‘leading diagonal triangle’, the internal waves are made up of 5-3-5-3-5 sub waves.

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Gold has serious legs here do to the disruption that will be occurring in fiat currencies...

The Ultimate Effect of Quantitative Easing will be/is the devaluation of all fiat currencies...

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Daily Chart:

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snipboard.io/R5s6ew.jpg

Trade closed: target reached