FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
431 1 10
This is a very long term look at gold             , and an attempt to count the larger trend.

I am just wondering if we have entered the multiyear 5th Major Wave for gold             , and as such 2017 is the commencement of Wave 3 of a wave of lower degree.

If so, and with a .75% retracement of Wave 1 , then a conservative Fib extension of 1.27 could be the target for the end of Wave 3. :0
You got my like on this analysis, not just because I'm bullish. I've been so since March last year, but because it's interesting. Hope it plays out the way you plan. Good luck.
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