GOLD heads up into $ 2,700: long term target and possible "Top"

Sep 24

Follow-up to my previous $2700 call (click).

The uptrend has continued exactly as "expected".
We are now approaching a "natural endpoint".
Natural as in a Wave 5 that does not "extend".

Even if 2700 is not the top, expect a pullback.
Commodities are known for extended wave 5s.
So very possible we go higher after a dip maybe.

$ 2695.15 is a Golden Genesis fib, a BIG deal.
$ 2710.21 is a local Golden and Wave ender.
$ 2762.41 is the medium-term Wave ender.

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Oct 18

Trade active

BOOM

Target HIT and testing the resistance.

Zoom IN (M15)

Definitely chewing into that resistance
$2695.15 is the BIG one here, Golden Genesis.
Such a high graviity fib should hold ius in orbit.
Lets see what US does on this Friday session.

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Prepared for a pullback here.

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Oct 23

Trade closed: target reached

BOOM

Target hit! Heads up here bulls

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Zoom IN (m15)

Almost hit the top bound but it is too hot.
Scalpers should be taking profits in this zone.
Holders may sell some, look to buy back lower.

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So we will be watching:
$ 2712.88 for high support.
$ 2695.15 as a MUST-HOLD

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Nov 5

Trade active

TOPPED ????

Stabbed thru the top, BUT....

Zoomed in (m15)

We got a Bearish PING on the top bound.
As in "Give me a Ping Vasilly, One Ping Only".

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Zoom in MORE (m5) and adding a fib to the last dip:

We have a couple of targets to look for:
$ 2719.62 is first guess for end of this first wave.
$ 2709-2710 possible overshoot and should bounce.

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Let's see what next week brings.

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Nov 7

Note

TOPPED indeed:

We were probably topped before election,
Trump win pushed it over the edge it seems

I will post a new idea with bounce targets.

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