Will pause at 1900-2000 level
Gold Headed to All Time Highs.....
Started by
RagingSpartan
, Aug 15 2019 12:32 PM
3 replies to this topic
#2
tsharp
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Posted 16 August 2019 - 02:02 PM
Just another view of what could be developing... I don't see a new bull in gold for a few more years still... and if it can, I have the next target level in the ~1588 zone... twt. (from 8.9.19)
#3
hhh
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Posted 16 August 2019 - 02:24 PM
Gold's already gone about $38 higher than your "c" point and overthrown the upper line. How much higher would it need to go to invalidate the fractal? Thanks.
#4
tsharp
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Posted 16 August 2019 - 03:33 PM
Gold's already gone about $38 higher than your "c" point and overthrown the upper line. How much higher would it need to go to invalidate the fractal? Thanks.
To new ATHs... that was just a snapshot observation on that day... a wave-b is not as governed by fractal rules as the impulsive fractals, and I already mentioned that the next target, if it can get there is ~1588.
The world economy does not move into a serious inflationary cycle until January 2020, and that will be the beginning of that cycle... so gold will need to find its Wave-IV low, then will be able to move up with that wave, and I see gold likely to move upwards to the $5,000 range at that time.
