GOLD outlook and scenarios

I'm just playing here a bit. Trying to model the possible scenarios.
Both, using past volatility and through some sort of Elliot Wave analysis.

It appears we are in a forming WAVE 1 (expansion), or could be a WAVE 3 from last climb.
Also, we might be entering a ABCDE pattern, triangle or compression pattern.
Let's see how it evolves.
I'm long, of course, follow the trend.

Yorum:

I forgot to say that given the price suggested at the top of the EW analysis, it would mean a 9% net gain for gold for the first half of the year, so, if it finally follows this plan, the second half of 2018 could imply a correction to keep things on balance, but since last year we got a 12% gain in gold price, it is easily doable given that inflation is rising since 2015 (and see what the trend of gold has been since)...
Cheers.