cjwaves

Gold in a motive wave

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
The wave counts just don't make sense as a correction wave, so it appears we may be near the end of a bear market motive wave for Gold. If my wave count is right, it would make sense to have an ABC correction upwards or flat here leading into the fed meeting next Wednesday to determine the direction of the next motive wave. Given that this current bear market structure is part of a larger bullish wave order, i am biassed to the bull side for the next major move.
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