I think we have one more leg up for wave 5 for this C leg before this ratio starts a new impulse if 5 waves down.
So GOLD should head down for one more leg before we fire off.
So GOLD should head down for one more leg before we fire off.
Comment:
One more missing leg before we are done, wave proportions suggest this recent top to be taken as wave 3 instead, since wave 3 is always the longest wave.
Hence, gold bulls be patient !
One more missing leg before we are done, wave proportions suggest this recent top to be taken as wave 3 instead, since wave 3 is always the longest wave.
Hence, gold bulls be patient !
Can finally see some bottoming PA on this ratio. If prices manage to hold low and break above 74, weakness in gold and silver expected till this missing wave 5 is completed.