Gold

Gold’s current bear market :

After completing an impulsive sequence of the primary degree five waves up in September 2011, Gold has been retracing in intermediate degree five waves down – as a primary degree wave A.

As a bearish alternative, wave (5) of the wave A could be extended through the level of 950, where establishes an equality ratio between the waves of (5) and (1) – a common relationship.

Gold - Monthly

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