After we reach that top around 5000-6000, the next movement should be down towards 1900 (wave IV). MACD is confirming the wave 5 reaching the top. Let's see in the coming months
My former chart about gold failed to hold price in ~1200 area. I'm fairly sure the yellow trendline will hold the price now. In addition, 1122 is 100% extension of a of (2), great point to finish 'c' of (2). Let's see in the next weeks ...
I've changed my main count giving wave as finished in January. It seems all is prepared for wave 3 of 1. It may be a deeper wave 2 can be seen, but it's not my preferred way. The solution in next weeks ....
Copper seems to be reaching a critical point for the long term. I've updated my former chart giving as finished the drop (main count). In alternate count could be a final drop til ~1600 but I think the price is not going to go down the longterm trendline, so my main count is bullish
It should be topping just in this point reaching important resistance and tendence line (red lines), so, the most probably way is starting vth wave down. But if up acceleration occurs from this point I'll have to review the waves count