Gold

As shown in this quarterly frame, it is anticipated the current Gold’s bear market, that started in 2011 peak of 1923, is likely to develop in extensive A-B-C (three waves of Primary degree).

“After completing five waves up, markets often retrace to retest their previous fourth-wave area.”

The ultimate target for the extreme of entire correction, could be around the 398 level in the coming years.

Gold - Quarterly

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