Completed 4th wave and now heading up for 5th wave of ending diagonal
We going to head down after we hit about 1433-37
So we current heading up for a huge x wave of the y wave. Bull trap, where we will likely reach 1433-37, and we will come crashing down to about 1395 to complete our correction.
Gold looks to have completed wave 1 of ending diagonal and now in the processing of completing wave 2.
Chart speaks for it self. Target bottom 1387 to 1393 before we go up.
Gold looks to complete a X from here then from there it should go down.
Gold looks to have completed wave WX of a complex WXY correction. I expect prices to fall to Y in the area of about 1215-16. Here is a good spot to buy if gold is to go higher. Y waves are hard to predict as it can be in any combination... so can short from here with stops at 1231 which is your invalidation point. Or else just wait and set buy limit order at 1216...
I'm not completely sure if gold has completed it's down leg, but it for now it looks to have completed a fourth wave up and now heading down to 1130ish mark or even lower to complete wave 5. From there it should have a super huge rally all the way up to about 1550+ to complete wave B. From there it should fall down all the way to C, which is somewhere in the...
Expect an overthrow of D, anywhere above 1243. Then should be down from there.
So we have almost completed the 4th wave of gold. I'm expecting gold to hit 1235ish or a bit higher as wave 2 was only a shallow 38.1% retracement, hence wave 4 should be more deep. From there we should come crashing down to about 1120 to complete wave 5. From there we should go all the way up to 1370 to complete major wave B and then come crashing back down to...
Could be a complex correction of WXY's that make up the major waves ABC. So we have completed major wave A and B. Now we are in the process of completing wave X which makes major wave C. If I'm right we have already completed wave W and now on wave X of Major wave C. This will take us to roughly $5.80 before we come crashing down to below $2 for the completion...
Long term, FMG may have already finished it's ABC correction, and finished wave 1 and 2, and starting it's 3rd leg....If this is the case expect explosive upward movement in prices in the years to come
Gold could be completing a huge 4th wave WXY correction, and from there fall down to 1178ish... And from there should move up above 1231.
Gold has just completed wave 1 and wave 2 of major wave. Now it is in the process of completing minor wave 2, which will end around 1187 and from there it should go up to about 1227 for completion of major wave 3.
In the one hour chart I can see a very ugly looking elliot wave count of 1,2,3,4,5. wave 2 is a very shallow retracement of only 38.2% hence wave 4 is a lot deeper. I think we just completed wxy retracement. Now we're either heading up for wave 3. Or maybe the whole thing is just an ABC correction, and we're heading towards C.