GOLD in an an Expanded Flat (B or X wave)
This is my 240 min chart showing GOLD over the past few weeks, and the coming few months.
I anticipate that GOLD will make a final push in the next 2 trading days and attack the early September high at $1,556. I believe this recent push to be a 5 wave C move that will come close to the recent high but will fail to breach it. After the failed breach, I anticipate that GOLD will fall for a few weeks and test the $1,400 low (which happened to be the Wave 4 low diagonal low of the previous push). This would be the Y wave.
I do expect GOLD will find support near $1,400 and will thereafter make its final WAVE C push peaking near the $1,650 level. As mentioned in my GOLD DAILY chart, I do believe this C wave high could be the high for Gold for the next few years, but I do believe we are go to ALL-TIME HIGHS!
It will only take more time than most expect or are patient enough to wait for...
Thanks for your comments!
Benji
I anticipate that GOLD will make a final push in the next 2 trading days and attack the early September high at $1,556. I believe this recent push to be a 5 wave C move that will come close to the recent high but will fail to breach it. After the failed breach, I anticipate that GOLD will fall for a few weeks and test the $1,400 low (which happened to be the Wave 4 low diagonal low of the previous push). This would be the Y wave.
I do expect GOLD will find support near $1,400 and will thereafter make its final WAVE C push peaking near the $1,650 level. As mentioned in my GOLD DAILY chart, I do believe this C wave high could be the high for Gold for the next few years, but I do believe we are go to ALL-TIME HIGHS!
It will only take more time than most expect or are patient enough to wait for...
Thanks for your comments!
Benji