SamSuka
The Long Investor
The Long Investor

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GOLD

Gold is down to below $2600 now after peaking at $2790 just shy of the 2.618 Fib which is standard for Wave 5 to complete at.

There are no changes to the count so I have added in the white fib levels now to show where the pull back can complete at

And to nobody's surprise, the 0.618 Fib is aligned with the $2100 breakout level from April, a level that was held for 4 years before breaking

But we will watch for all the fib levels to see if support can come sooner.

GOLD

Comments

Why is your targets different in October and November?

THESTOCKS

Interesting, Avi Gilbut also has this ending a sub-wave iv

G4Golf

Looking at the structure of Gold, I am very curious if iii was called to early at 1.618. The run up to 2.618 looks identically impulsive as the previous run up to 1.618... What if iii ended at 2.618? Then we would be entering iv now, correct?

Glen B


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