AriasWave

GOLD - Is This A Top In Gold? - Extrapolation Theory Demolished.

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Just because something has gone up for years doesn't mean it will continue.

Sure this count could be wrong but what if it is right?

What trend ends with a Zig Zag? ...An ending diagonal.

Long term charts suggest that before the data on this particular chart there was a Zig Zag Wave i followed by a sharp Wave ii.

What we have seen since all points to either a weak Wave C or Weak Wave E. I do not have enough data to know which one.

It can only be one or the other, that is how AriasWave works.

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