By this scenario, the 2011-2015 gold price decline is considered as wave A, with wave B-reaction (due to Wolfe wave) covering approximately 1 year up to ~1410, being followed next by the final C-wave lasting for 6 years with a target of ~630 (76.4% Fibonacci overall correction). Basic assumption is that the rise & fall durations are balanced (cyclic motion).
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.
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.