Multiple TimeFrame view of the Waves with Fibs. Each Wave has an "Impulse" followed by its "Ripples". We may be starting the next Leg up in this timeframe.
Left chart is Daily tf plotting the fibs of wave (1) and (3). Right upper is 3h tf plotting wave (4) correction downward. Right lower is 21 min tf plotting possible wave (5) starting.
This entire move could be wave (iii) in this BIG picture to $2,100 I will post this plot as a separate Idea once fine tuned.
Previous Gold Analysis (click): <= Just in Time <= Awesome Long <= To the Penny
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Staying well in Sync with the Green (upward) fib A good sign because these ripples are pushing upward, so the longer we can ride them the better. But preparing for a more serious pullback soon.
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Perfect bounce from the $1450 zone and it looks strong.
A flawless end to wave 4 ... very good chart indeed.
ReallyMe
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Good analysis as always!
Personally, I think that in the long run Gold is on its way to $1,800, here's why
Mandla7
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I am in love with your market approach man satisfies, the bigger picture i couldn be able to pinpoint almost abandoned guidelines and viewing this just cleared everything very educative thank you so much
EuroMotif
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@smindlombo, Hello and thanks for your kind words!
Slippery09
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@smindlombo,
I agree, I watch him and learn!
UnknownUnicorn4652597
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Can you tell? Before the century 2000, gold hit a high of 2000+. Now we are going to come in the year of 2020-30, will gold be eliminated by 2000 $, from 2001 to 3000 for the next 10 years? Going to be ready for
Slippery09
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There is a confluence of the 1.618 fib on every time frame, I should have waited.....