Gold Update: Consolidation Sets Up Another Chance To Profit!

If you have been following my recent posts on Gold , then you know how bullish I have been since October of last year. And following my bullish outlook, anyone who has received and seen my Gold updates and alerts and traded Gold accordingly have profited handsomely. In wave analysis, when you can string together a series of winning trades that follow your wave count, that usually means that your wave analysis is correct. That is a clear illustration of the power of wave analysis!

In these 2 scenarios that I'm showing you here, one is a POSSIBLE wave iv triangle that is still in development. The other (right chart) is a completed wave iv triangle which we traded and recently closed for +88 pips profit.

Wave iv triangle (left chart):
This POSSIBLE triangle scenario is more complex and would mean that we're going to see some extended sideways movement to come yet. But when this triangle is completed, this scenario would suggest that there will be a very strong wave v coming after the triangle completes. And usually, that move out of a completed triangle should be explosive.

Completed Wave iv triangle (right side):
That right side scenario shows a completed wave iv triangle which we traded and just banked +88 pips in one day. It is suggesting that prices are now in a wave (2) of the larger wave v and should drop back down. If prices do follow along this scenario, then there will be yet another good BUYING opportunity to come and that would be for the wave (3) of v coming.

In both scenarios, I am targeting the completion of the overall wave ( iii ). And what I am projecting to come after that wave ( iii )......well, let's just say that I am fully expecting to continue making HUGE profits in Gold! If you knew what my longer term chart and wave analysis on Gold is, you would be as excited as I am for what will happen this year!

PM me if you want more information on my Gold trades.