(B) potentially ended and bullish potential abounds to 150

(a) (b) (c) correction fulfilling minimum requirements for (B) where (c) equaled 1.618 of (a) at 118.45.

Looking long now for minor wave (C) to end at 150, or $1500 cash before resuming major bear in gold.

But, good money to be made in (C)...close out if price drops below 117...next target for end of (B) would be 112, but I don't think we're going there until after (C) ends...

I leave my red text on the chart from 7 months ago for s&g... ;-)

Dagangan ditutup: hentian tercapai:

Looks like the A B C correction will become more complex and continue to the lower target around 112 for (B)...

neutral for now until we see a logical end to (B) and a small motive wave up...then go long...

Dagangan aktif:

The lower target at 112 has been reached and it seems to be ending a 5 wave movement. So the (a)(b)(c) correction extended to an (w)(x)(y)(z) with (z) ending as an impulsive wave, as it should.

Long now to ~146 to complete the major (A)(B)(C) bear correction...it should be a fairly violent impulsive wave up...let's see how it plays out