Gold Spot / U.S. Dollar
Updated

What Safe Haven? Gold Finally Ignites Route to $1780-1840

511
Although a bit early in calling the top two weeks ago, Gold has finally begun its descent to test the range of $1780-$1840 as previously predicted. Nothing goes straight up or straight down however.

Considering the sideways 3-3-5 movement expected in Wave 4 and also the 3 wave corrective move in B wave, I think its safe to say Gold will stick between $1880-$1980 for the next few days, before making its last leg down to $1780-$1840.
Note
Exit stage right:

snapshot
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A wave has possibly defined its itinerary..

snapshot
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While the latest markup is what I believe to be the likely itinerary in short term, the main/primary idea on this post is not valid.

As a result, this idea will be cancelled. Updates will be shared internally with my trading community.

#BullsOnIce
Order cancelled
closer inspection proves invalidity.

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