Gold is the only laggard in the PM family, yet to break over the Resistance level I'd cited. IF it does soon, then wave 3 targets are much higher as posted in previous ideas.
Like this. Remember, this technique assesses price levels/targets; NOT timing.
nick.holland78
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The difference in the white and purple would be an additional iv-v to complete a higher 3 in the purple count. Not evident on this chart, but should be on larger timescales.
nick.holland78
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Gold has stalled in the resistance region. Difference in the white and pink/purple count is evident in the placement of minute i-ii, (i)-(ii). IF this is 3rd of wave 3 then it'd better get going soon. Shouldn't stay in resistance long...
nick.holland78
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Earlier reference was meant to mean Precious Metals, not PM.
Sorry this 15min chart may be hard to read. I'm not micro trading Gold here. Could be dipping lower for all of ii, or continue higher for alt i with wave ii to follow. Or could just keep going higher if wave ii is already complete. Thankfully, I'm long from lower and not exiting unless some serious weakness presents itself.