GOLD - Long Term Ending Diagonal In Progress
Everyone is so bullish precious metals right now however do they really know the long term pattern?
AriasWave research suggests that Gold lags interest rate declines by 40-50 years.
Rates topped in 1981 and it is now approaching 40 years since that high.
However that is just an observation.
The real reason why I have this view is the Zig Zag down in Gold from 1492 to 1919.
According to AriasWave there is only one pattern that can cause an ending diagonal following this move.
An E Wave. This suggests that Gold is about to experience a severe decline in 5 Waves when this E Wave Ending Diagonal pattern is completed.
See below for the Wave 5 Zig Zag idea. The Zig Zag idea although difficult to trade still provides some insight into what is happening.
Please LIKE and FOLLOW to get notification of updates and future posts.
AriasWave research suggests that Gold lags interest rate declines by 40-50 years.
Rates topped in 1981 and it is now approaching 40 years since that high.
However that is just an observation.
The real reason why I have this view is the Zig Zag down in Gold from 1492 to 1919.
According to AriasWave there is only one pattern that can cause an ending diagonal following this move.
An E Wave. This suggests that Gold is about to experience a severe decline in 5 Waves when this E Wave Ending Diagonal pattern is completed.
See below for the Wave 5 Zig Zag idea. The Zig Zag idea although difficult to trade still provides some insight into what is happening.
Please LIKE and FOLLOW to get notification of updates and future posts.
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