GOLD - 2nd X wave forming (topping out later this week?)
Here is my analysis of the forming 2nd X wave in GOLD.
I count 5 impulse waves up from the recent low, then an expanded flat (w), followed by an (x) wave, and then (y).
Anticipating a final wave X high in GOLD at the end of this week/Sunday evening around the $1,525 level (previous X wave high at $1,535 must NOT be breached). Next week, I anticipate a decline that will take GOLD to test the $1,400 level around mid-November. I expect that level to hold and for GOLD to push to new recovery highs in the first few months of 2020.
Thanks for your comments!
Benji Miller
I count 5 impulse waves up from the recent low, then an expanded flat (w), followed by an (x) wave, and then (y).
Anticipating a final wave X high in GOLD at the end of this week/Sunday evening around the $1,525 level (previous X wave high at $1,535 must NOT be breached). Next week, I anticipate a decline that will take GOLD to test the $1,400 level around mid-November. I expect that level to hold and for GOLD to push to new recovery highs in the first few months of 2020.
Thanks for your comments!
Benji Miller