Could Gold go to $950? (3)

FX:XAUUSD   Gold Spot / U.S. Dollar
191 0 1
Also likely out of it's a-b-c-d-e             pattern & on a mission downward. No doubt this motive wave down is complete. Someone floated this idea recently ... That this is one of a 5 wave move down. I feel this - there is insufficient bounce.
If it moves up say to 1244, or 1283 or whatever, then starts downward under pressure from a strengthening $, maybe that 'gold falling with the Dow' happens, pushing further onto the $, no stocks, no PMs: must buy treasuries. Somewhat self perpetuating.
Unintended consequences: no-one knew or knows how this experiment would/will turn out. By printing billions & having it woosh back to the bond markets ... I think partly this what is happening. Gotta go somewhere. Like a lump under the rug. Say wave 1 is approx. 0.382, then full length ends approx. 917. Yellow upward lines are a long term channel. $950 is approx. the lowest it could go in this channel.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out