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Geofftv1
Aug 12, 2017 7:44 PM

GOLD - update continued. Long

Gold/U.S. DollarFXCM

Description

GOLD is following my idea from 2nd July nicely and is now in the 2nd zig-zag after completing the flat. This wave should finish about 1320ish which is 0.786 of the prior wave of the triangle structure and a=c of this zig-zag. I welcome constructive comments.
Good luck.

Comment

For clarity gold us30 still in the B wave of a large triangle which is formed by (w),(x),(y).
The (w) wave us30 a double zig-zag, the (x) wave is a flat and the (y) wave is in progress. To keep symmetry with the (w) wave this (y) wave should also be a double zig-zag.Hooe this helps explain my reasoning.
Comments
phoe68
1320 then drop?
Geofftv1
@phoe68, Yes, this will be quite a steep drop.
phoe68
@Geofftv1, still chance to see 1320?
Geofftv1
@phoe68, yes
royalbengal
thanks a lot sir. pl update silver also
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