When every one bullish in this yellow metal, we have to look at the wave analysis for long term cycles. It's hard to agree
After tremendous bull run(3rd wave) from march 2000 to September 2011 ,Gold is in 4th wave consolidation(3,3,5 Normal flat)
Emerging C wave will bring gold to 1440 levels(minimum61.8%) in october this year and followed by $1060 in 2024.
logrithmic scale choosen for clear visual of wave labelling.
After tremendous bull run(3rd wave) from march 2000 to September 2011 ,Gold is in 4th wave consolidation(3,3,5 Normal flat)
Emerging C wave will bring gold to 1440 levels(minimum61.8%) in october this year and followed by $1060 in 2024.
logrithmic scale choosen for clear visual of wave labelling.
Comment:
