Well, according with the inner counts from an year ago and the big scale Cycle counts (related idea liked below), this would be a projection of the price of Gold in the long run in wich we may be inside a giant ABC 3,3,5 down, below 1300 area.
So actually we would stay into a wave 2 (ABC) that can be goes up into 1860/1880 area. Then, if the count is correct, we should see a huge move down below 1500 area before the long time retracement for the wave 4.
In the follow i will post some details and updates in the comments.
Comment
⋅
Comment
⋅
Count of the Wave 1 inside the C:
Comment
⋅
A inside the Wave 2:
Comment
⋅
Comment
⋅
Possibile projection path: 75, 85, 52, 80, 25, then long to 187x
Comment
⋅
in case we are into a wave 2 (this idea) in case we are into multiple corrections (in both side)
Comment
⋅
Comment
⋅
a possible path to 1760 area (B wave?):
Comment
⋅
Comment
⋅
Comment
⋅
Comment
⋅
This idea could be wrong (cause the wave 4 counted in this is not valid apparently), we might have to back to my old idea one here:
@fra978, anyway, the count in this idea migth be wrong, i would follow the idea that i posted here above.
Viktor_FX
⋅
@fra978, ADP Employment Change with 613 Consensus over 330 Previous is coming... may it confirm bearish move today? What do you think of going up to 1920? Could it occur this month?
KU13HAL
⋅
OMG I never thought gold can go that far down, I thought after 1550 it will go back up to make a all time high