Gold , Weekly , bear market setup is coming in months ahead
This is Gold weekly chart and here is our update :
Major decline (a) ended at early 2016 and from then we are at major (b) wave.
Inside (b) : lower degree a is impulsive and clear and b of (b) which is most time-consuming wave is formed in shape of contracting triangle . c of (b) which is probably the final stage of major (b) formed in a terminal pattern and you can see it's detail in the chart. Because terminal c has broken the top channel of flat it can unfold some time on it and then +5 years bear trend for gold will start. This is when wave 5 of c of (b) terminate. Usually wave c consume approximately half of a+b time.
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Major decline (a) ended at early 2016 and from then we are at major (b) wave.
Inside (b) : lower degree a is impulsive and clear and b of (b) which is most time-consuming wave is formed in shape of contracting triangle . c of (b) which is probably the final stage of major (b) formed in a terminal pattern and you can see it's detail in the chart. Because terminal c has broken the top channel of flat it can unfold some time on it and then +5 years bear trend for gold will start. This is when wave 5 of c of (b) terminate. Usually wave c consume approximately half of a+b time.
Want to have all low risk and high probable long and short trade setups for free ?
follow US :)
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