OANDA:XAUXAG   Gold/Silver
We are seeing a super cycle rise that starts at $30 in 2011 and continues to $125 in 2020.
The rise between 2011 and 2020 is a 5-wave rise.
After the completion of Wave 5, we had a sharp drop to the $63 levels, which was the corrective wave A of the 5 Wave drop.
My guess is that the price is currently moving within correction wave B.
I expect this corrective wave to last until the 0.618 maximum and 0.5 fibo level.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.