Gold and silver, spot. Time to make a deal.
Long term view.
Chart shows full wave up since 2000 year. We have marked it as wave 1. Wave has ended, and correction - wave 2, has started. Right from this chart we can cay, that wave 2 will be zigzag A-B-C, and its final wave "C" is a good opportunity to SELL. But wave "B" is not over yet. Let us mark probable target for wave 2 end - it is the nearest fractal down - end of wave 4 of wave 1, below 700 USD. Good length ! By the way this gold fall means deep and hard deflation.
Medium term view.
First wave A down and start of wave B. Magic wave A. Look !
Wave 1 - simple impulse, wave 2 - expanded flat correction a-b-c, which wave "a" is an expanded flat correction too(sic!). Wave 3 - the strongest wave among 1-3-5. But look, wave 4 - triangle, right after wave 4 starts wave 5(hmmm ! why after wave 4 should, every time, be wave 5?) and this wave 5 is a triangle too ! But what a triangle - the ending one ! Wave 5 is an ending triangle ! Beauty ! You can see more beautiful picture in our sugar article, we call it "Triangles realm". All triangles have a magic property to attract future price moves. Correction triangles(like in wave 4) attract moves to its end(wave e), ending triangles attract price to its start, that in our case means to wave 4 end ! Double gravity force ! This force has already pulled the first part of wave B - wave "a" of wave B. There is a deep fall after wave "a" top(wave "b"), so the next final wave "c" of wave B should be pulled onto magic level of wave 4 end again. We add the usual - wave B is zigzag(because its wave "a" has 5 waves), final wave "c" of zigzags tries to exceed the end of wave "a", usually wave "c" goes very long beyond the wave "a" end.
Wave 1 - simple impulse, wave 2 - expanded flat correction a-b-c, which wave "a" is an expanded flat correction too(sic!). Wave 3 - the strongest wave among 1-3-5. But look, wave 4 - triangle, right after wave 4 starts wave 5(hmmm ! why after wave 4 should, every time, be wave 5?) and this wave 5 is a triangle too ! But what a triangle - the ending one ! Wave 5 is an ending triangle ! Beauty ! You can see more beautiful picture in our sugar article, we call it "Triangles realm". All triangles have a magic property to attract future price moves. Correction triangles(like in wave 4) attract moves to its end(wave e), ending triangles attract price to its start, that in our case means to wave 4 end ! Double gravity force ! This force has already pulled the first part of wave B - wave "a" of wave B. There is a deep fall after wave "a" top(wave "b"), so the next final wave "c" of wave B should be pulled onto magic level of wave 4 end again. We add the usual - wave B is zigzag(because its wave "a" has 5 waves), final wave "c" of zigzags tries to exceed the end of wave "a", usually wave "c" goes very long beyond the wave "a" end.
We should BUY and ride upon the wave "c".
First question. We are in wave B, wave B consists of a-b-c, wave "a" up we have already seen. So is wave "b" over ? Let us look at short term.
Nndaa ! Is "this" called "over" ? Anyone has something to say ?
And here the silver comes to help. Silver and gold run in concordance, their form can be slightly different, sometimes more, than slightly, but main waves ends are the same in time. Or very close one to another.
And here the silver comes to help. Silver and gold run in concordance, their form can be slightly different, sometimes more, than slightly, but main waves ends are the same in time. Or very close one to another.
Silver, the same wave B up, wave "b" of wave B. The same question: "Is wave "b" over ?"
See ? Two triangles at once ! Triangle in any correction wave means - wave after this triangle is a final part of the move, so the whole wave after wave "b"(dark red label) is a final wave. But what a wave it is ? It is an ending triangle. Double evidence - wave "b" of wave B is over, and wave "c" is already running. Remark gold.
Now it is better and in accordance with silver. We should search for a good place to BUY gold or silver or both. More detailed article is at our page. Tracking further.
