chessnut

Gold to bite the dust - V wave down incoming.

FX:XAUUSD   Gold/U.S. Dollar
192 0 1
Elliot wave analysts are seldom gifted with counts as clear and high confidence as this. In my earlier publications I have been tracking the IV wave triangle that gold             was shaping in 3's. this I expected to precede a fifth wave to end wave C of a large scale correction. the fourth wave triangle has met the criteria for completion, and now we clearly have an impulsive wave down forming a primary. The risk for this trade is small, and the reward is potentially huge. we will not pass 1340, and we should easily see downside past 1200, possibly even $1000 in an extreme case.

So they say, buy the rumour, sell the news. There is great political instability around the world. Ukraine, Israel, etc... breaking out in war. now is the time to SELL gold             .

Not to mention, being a fifth wave, there is an excellent BUY opportunity on its way in gold             . scoop it up cheap under 1200 and hold on tight.
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