GOLD - Birds Eye View - Wave Revision - Critical Analysis
Gold has stumped me for a long time and lately I have been going through a reality check as you may have noticed my ideas have been a little sporadic.
Through a thought process of elimination this has forced me to step back and have a good hard think about these waves in Gold.
And then it all started to make sense...
If you are aware of some of my recent analysis on the USDJPY you will know that A Waves can be long term and complex patterns.
Typically when this occurs the rest of the corrective waves seem to happen faster.
If you go look up long term gold charts you will notice it is also the case with gold. This is important, in fact this is critical in understanding what is going on here.
The A Wave was happily running its course all the way down to the exact moment the Gold Standard was removed from the US Dollar.
BOOM!
Since then we have had a B Wave all the way up to 2011 and then we have been coiling up with C, D and E happening in this range.
If you are aware of my NASDAQ Long Trade Idea then you will be aware of the V Shaped recovery made after E Waves.
Now, I am still in the process of figuring out exactly what it going to happen next because I think this is going to be HUGE.
For now let's take some time to let this marinade. With all that is happening in the world since 1971 it is no wonder we have now come to an Apex.
This is critical a point in time where we must make careful important decisions because they will likely impact us for a long time.
Thank you for your patience whilst I try to figure this thing out!
Please LIKE and FOLLOW to get notification of updates and future posts.
See below for the related ideas mentioned in this post below.
Through a thought process of elimination this has forced me to step back and have a good hard think about these waves in Gold.
And then it all started to make sense...
If you are aware of some of my recent analysis on the USDJPY you will know that A Waves can be long term and complex patterns.
Typically when this occurs the rest of the corrective waves seem to happen faster.
If you go look up long term gold charts you will notice it is also the case with gold. This is important, in fact this is critical in understanding what is going on here.
The A Wave was happily running its course all the way down to the exact moment the Gold Standard was removed from the US Dollar.
BOOM!
Since then we have had a B Wave all the way up to 2011 and then we have been coiling up with C, D and E happening in this range.
If you are aware of my NASDAQ Long Trade Idea then you will be aware of the V Shaped recovery made after E Waves.
Now, I am still in the process of figuring out exactly what it going to happen next because I think this is going to be HUGE.
For now let's take some time to let this marinade. With all that is happening in the world since 1971 it is no wonder we have now come to an Apex.
This is critical a point in time where we must make careful important decisions because they will likely impact us for a long time.
Thank you for your patience whilst I try to figure this thing out!
Please LIKE and FOLLOW to get notification of updates and future posts.
See below for the related ideas mentioned in this post below.
Related publications
Disclaimer
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.