Gold - Part 3

Gold has started to drop again, looks more likely for a a-b-c-X-a-b-c wave 4 consolidation as mentioned in my Gold- Part 2 posting. Wave 5 may reach 3,000 by 2015.

Courtesy of goldprice.org

Wave 4, a-b-c-X-a-b-c is in progress currently. It has completed its X wave recently and it is forming its second sub-wave a at this moment as shown below.

Wave 4 may drag until 4th quarter of this year.




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