Hi
It seems that Gold never decides to become tired since its first bullish steps in the year 1833 and now is making the last wave 5 which I guess takes a while to finish.
In whole chart what I can see is an EXTENDED WAVE 1 and then wave 3 in the fibo level about 50 % (Projection of W1) and its wave 4 Millennium had an time alternation against wave 2 Millennium and then wave 5 Millennium started its movements in the price 1058.653 and completed its submillennium waves 1,2,3,4 and NOW we are in the wave 5 (Sub-Millennium) of 5 (Millennium).
In the last weeks Gold has reached its targets to finish its wave 1 Cycle. In the last days we were facing to bearish movements of gold to complete wave abc (Wave 2 cycle).
What we can expect in next week for gold is its last selling pressure to complete wave 2 cycle and then it will start last wave 3 cycle of wave 5 sub-millennium.
My target of this chart presented for you was to show a bigger concept of chart
which is mostly forgotten by the busiest traders trapped in the intraday charts.
Be Careful and keep your capital safe
Bye
It seems that Gold never decides to become tired since its first bullish steps in the year 1833 and now is making the last wave 5 which I guess takes a while to finish.
In whole chart what I can see is an EXTENDED WAVE 1 and then wave 3 in the fibo level about 50 % (Projection of W1) and its wave 4 Millennium had an time alternation against wave 2 Millennium and then wave 5 Millennium started its movements in the price 1058.653 and completed its submillennium waves 1,2,3,4 and NOW we are in the wave 5 (Sub-Millennium) of 5 (Millennium).
In the last weeks Gold has reached its targets to finish its wave 1 Cycle. In the last days we were facing to bearish movements of gold to complete wave abc (Wave 2 cycle).
What we can expect in next week for gold is its last selling pressure to complete wave 2 cycle and then it will start last wave 3 cycle of wave 5 sub-millennium.
My target of this chart presented for you was to show a bigger concept of chart
which is mostly forgotten by the busiest traders trapped in the intraday charts.
Be Careful and keep your capital safe
Bye