BenjiMiller

GOLD: wave 4 combination still in process (240 min chart)

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
This GOLD chart shows what I perceive as having completed an A-B-C correction on the 2nd X wave this morning. My prediction is that we will see gold push to around $1,525 next week (completing the 2nd X wave of the Wave 4 combination) and thereafter falling to the $1,400 level in late October/early November (marked as Z). This is where I anticipate Gold will find support and launch to Wave 5 that should take us into the $1,700+ price level in early 2020.

Note the trendlines!

Appreciate any comments or input.

Benji Miller

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