m.abdullah.alassaf

Gold: The Ugly Truth (Weekly)

COMEX:GC1!   Gold Futures
Nothing is perfect, however I have managed to track down the price of gold all the way to the 50s in order to assess the long-term wave trend/count. The downward move may look small but the chart is logarithmic, meaning wave 2 would end around approximately 50% of the entire move in Gold's history. I don't know where waves 3, 4 & 5 will be just yet, the numbers are there for illustrative purposes. The end result is that we are in Wave C of Wave B of Wave 2, therefore after Wave C of B is completed (Upwards), a downward 5 wave move within Wave C of Wave 2 should occur (assuming a zigzag pattern) ending Wave 2.

M.A.A
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.