Thursday, March 15, 2012

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.




.

No comments:

Post a Comment