SELL SET-UP UPDATE

As seen on the chart Gold completed 186 points advance from 1160 to 1346 in 188 days.
Repeating the pattern, if we see price reaching 1532 in 188 days ending 27th - 31st AUGUST, we would have a perfect
price and time squaring geometry that would signal the end of the bull run for the 4th wave.
We have done many explanations and illustrations on this in previous post so I will make it simple. We just have to
watch price closely from now and limit buy entries.

The vibration ratio for the bear decline was 873 points in 1549 days
873 / 1549 = 0.56 (RATIO OF VIBRATION)

From the low : 0.56 * 873 = 488
488 points expanded from 1046 : 488 + 1046
= 1534
186 expanded by ratio 1.446 : 186 * 1.446 ( ratio = 0.446) = 268.956
= 268.956 + 1266 = 1534
Squaring the ratios : 0.446 + 0.56 = 1 ( 1st price and time squaring )
1.446 + 0.56 = 2 ( A perfect price and time squaring )

For wave 3 : Price declined from 1796 to 1046, making 750 points in 1154 days
750 / 1154 = 0.65 ( vibration ratio )
750 * 0.65 = 487.5 ( approximately 488 )
1046 = 487.5 = 1533.5, approximately 1534


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Also we have : 186 * 1.618 = 300.948
1266 + 300.948 = 1566 ( Price to watch for 1.618 extension )