Gold Coin

After an impulsive five-waves sequence up from May 2010 to Feb 2013 peak at 1570000, Gold coin is likely to correct in three waves, a zigzag (A)-(B)-(C) formation, which its wave (B) could has been completed at terminus point of 1048400.

The five-waves down as an impulsive wave (A), and the three-waves up as the corrective wave (B), would suggest a five-waves weakness as a decline of wave (C) ahead.

The wave (C) could achieve to where establishes a fibonacci ratio with wave (A), and the ratio may be well as 0.618 time of the wave (A), around the 600000 area.

GCEmamiWeekly

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