Gold is due for its next move higher according to the waves.
This is purely my opinion, take it with a grain of salt.
When Wave 1 is the shortest the Wave 3 and 5 tend to be similar in length which gives us an 8K target.
If you want proof of that then just look at the Wave 3 sub-divisions.
You can see an example of this quite clearly.
This is part of a larger expanding Wave B that is only just in Wave (A) which is the first move in a zig-zag pattern.
These patterns occur in bullish and bearish markets, its all about identifying that for future trading purposes.
If you don't know when to get out then you probably shouldn't get in.
That saying may not be as true for gold seeing as though it's real money and isn't part of the ponza debt system.
However, this may be a good tip of you are trading on margin or simply want to cash out for profit taking purposes.
See the related video idea for this chart linked below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
This is purely my opinion, take it with a grain of salt.
When Wave 1 is the shortest the Wave 3 and 5 tend to be similar in length which gives us an 8K target.
If you want proof of that then just look at the Wave 3 sub-divisions.
You can see an example of this quite clearly.
This is part of a larger expanding Wave B that is only just in Wave (A) which is the first move in a zig-zag pattern.
These patterns occur in bullish and bearish markets, its all about identifying that for future trading purposes.
If you don't know when to get out then you probably shouldn't get in.
That saying may not be as true for gold seeing as though it's real money and isn't part of the ponza debt system.
However, this may be a good tip of you are trading on margin or simply want to cash out for profit taking purposes.
See the related video idea for this chart linked below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
