But there is no divergens on indicators!!!
Normally in theory the 3rd wave have the strongest fluctuations on the or AO.
A wave 4 will normally come back to the zero line and then making a positive divergens on the 5th wave down.
Right now we have witnessed a clear 5 wave down. (The blue wave I drawed in) But the blue wave 5 will become end of wave 3 - then a wave 4 - ending with a new lower low wave 5 or a truncated wave 5 as a
I'll argue that Gold is in for a time consuming wave 4 and we will see a lower low in around february/marts
Short term neutral
Intermediate neutral to
Will become in end of february/marts 2015.
But as always.... time will tell.
Safe trading ladies and gents!