Wave Count on Gold - a long perspective
An idea- Gold is within a Wave 5.3
This being an impulsive wave , a possible endpoint is considered at 1.618 extension from waves 5.1 and 5.2 to a target of 1656.
A wave 5.4 would be corrective and possibly move price back down to 1542 , before a final leg towards 2000.
Optimistic yes, but presently bullish on gold since we are experiencing a motive wave.....
This being an impulsive wave , a possible endpoint is considered at 1.618 extension from waves 5.1 and 5.2 to a target of 1656.
A wave 5.4 would be corrective and possibly move price back down to 1542 , before a final leg towards 2000.
Optimistic yes, but presently bullish on gold since we are experiencing a motive wave.....
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