m.abdullah.alassaf

Gold: The Ugly Truth (Weekly)

COMEX:GC1!   Terminskontrakt guld
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
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