Gold seems to get ready its long lasting side way move.
I am expecting gold to finalize the complex correction by pushing the last lower degree (y)-wave up to $1400/oz area. That will wrap up the (B)-wave and give way to wave (C) . Wave (C) will take the price of gold below December 2015 lows, as far as about $850/oz, which is the 0,618 projection of the decline from 2011 to December 2015. Potentially even lower.
I am expecting gold to finalize the complex correction by pushing the last lower degree (y)-wave up to $1400/oz area. That will wrap up the (B)-wave and give way to wave (C) . Wave (C) will take the price of gold below December 2015 lows, as far as about $850/oz, which is the 0,618 projection of the decline from 2011 to December 2015. Potentially even lower.