Gold has an equal legs target at 1192 to finish wave C of triangle D wave. However, the downward momentum seems to have stalled.
Although a final spike to 1192 cannot be ruled out, it seems that gold is at or very close to a mid term bottom.
The ensuing wave would be wave E of triangle targeting 1270/1320 area.
Although a final spike to 1192 cannot be ruled out, it seems that gold is at or very close to a mid term bottom.
The ensuing wave would be wave E of triangle targeting 1270/1320 area.
