GOLD: Should Have More Juice Before ABC Correction
Hello Everyone,
Been voraciously busy with the "return to work" life and haven't posted on TV since basically late June but I have an update on Gold to share.
Hopefully everyone has remained healthy and remains financially stable.
--
Currently it continues to appear that we are within a rather normal commodity driven Wave 4 (typically takes about 5-6 weeks to get out of).
I suspect that while Gold could drop to say the 1880s or 1890s or low 1900s (we hit 1916 on Friday), that ultimately, 1865 is likely the bottom and there is a high probability we test 2175-2230 in a Wave 5 in the next 6 weeks or less (i.e. mid October) before an ABC correction.
The invalidation zone will be a break below 1865.
On the flip-side, an upside test beyond 2000 will confirm a Wave 5 to 2175-2230 before the aforementioned ABC correction to likely 1900 (which would be a garden variety 11-13% correction which is by no means abnormal).
-zSplit
Been voraciously busy with the "return to work" life and haven't posted on TV since basically late June but I have an update on Gold to share.
Hopefully everyone has remained healthy and remains financially stable.
--
Currently it continues to appear that we are within a rather normal commodity driven Wave 4 (typically takes about 5-6 weeks to get out of).
I suspect that while Gold could drop to say the 1880s or 1890s or low 1900s (we hit 1916 on Friday), that ultimately, 1865 is likely the bottom and there is a high probability we test 2175-2230 in a Wave 5 in the next 6 weeks or less (i.e. mid October) before an ABC correction.
The invalidation zone will be a break below 1865.
On the flip-side, an upside test beyond 2000 will confirm a Wave 5 to 2175-2230 before the aforementioned ABC correction to likely 1900 (which would be a garden variety 11-13% correction which is by no means abnormal).
-zSplit
