>>> Gold on a monthly basis <<< a little more text than usual >>>
In this current situation there are 3 variants:
1. the blue variant, in which a SHS formation could develop, which would then have the computationally compulsory target @ 2,458,464 $ ... but also 2,719 $ would not be excluded.
Here June should hit $ 1,957,856 and not close below $ 1,874,772.
In that case - with the blue variant - we could label the June high as wave 1 or a) from the final black, rising wave 5.
For the low of wave 2 or b) of wave 5, $ 1,771,945 should be sufficient.
2. The purple variant: which could end wave B) at 2067,665 $ and fall back by mid-22 to close purple C, where the higher-level wave 4 would then be finished and then the rising wave 5 would start.
3. The red variant assumes that:
--- The September 2011 high was a parent 1
--- The December low of 2015 was a superordinate A) of the big wave 2
--- the August high 2020 the B)
--- and consequently the red C) of the superordinate wave 2 would have to fall lower, which could reach $ 1,222.
This would finish the superordinate, big wave 2 and a very bullish, big wave 3 could start.
Duration 5-10 years, minimum target is @ 2,643 $, but anything far beyond that would also be open.
--- In a less positive case, the red C of big wave 2 could even drop to $ 1,060.
--- In a very negative, strong bearish trend, wave 2 could even drop below $ 1,000 i.e. reach $ 954.98 or even $ 756, which the power elite would very much like to see.
The first signal for this would be the moment when the bearish Tenkan-Kijun Cross is visible on a monthly basis and both lines would leave the green cloud after utes.
At the moment we are seeing a large bearish butterfly pattern on a monthly basis.
In this chart I wanted to show all 3 variants but to have more clarity I will post each variant separately.
In this current situation there are 3 variants:
1. the blue variant, in which a SHS formation could develop, which would then have the computationally compulsory target @ 2,458,464 $ ... but also 2,719 $ would not be excluded.
Here June should hit $ 1,957,856 and not close below $ 1,874,772.
In that case - with the blue variant - we could label the June high as wave 1 or a) from the final black, rising wave 5.
For the low of wave 2 or b) of wave 5, $ 1,771,945 should be sufficient.
2. The purple variant: which could end wave B) at 2067,665 $ and fall back by mid-22 to close purple C, where the higher-level wave 4 would then be finished and then the rising wave 5 would start.
3. The red variant assumes that:
--- The September 2011 high was a parent 1
--- The December low of 2015 was a superordinate A) of the big wave 2
--- the August high 2020 the B)
--- and consequently the red C) of the superordinate wave 2 would have to fall lower, which could reach $ 1,222.
This would finish the superordinate, big wave 2 and a very bullish, big wave 3 could start.
Duration 5-10 years, minimum target is @ 2,643 $, but anything far beyond that would also be open.
--- In a less positive case, the red C of big wave 2 could even drop to $ 1,060.
--- In a very negative, strong bearish trend, wave 2 could even drop below $ 1,000 i.e. reach $ 954.98 or even $ 756, which the power elite would very much like to see.
The first signal for this would be the moment when the bearish Tenkan-Kijun Cross is visible on a monthly basis and both lines would leave the green cloud after utes.
At the moment we are seeing a large bearish butterfly pattern on a monthly basis.
In this chart I wanted to show all 3 variants but to have more clarity I will post each variant separately.
Comment:
Next target 1853-1859
