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Purchase Analysis:
SOLD OUT
Hi Lara,
I agree that it looks like a wait-and-see situation. The current movements can best be described as erratic and I am missing the sharp downward movement of a C-wave. The breach of 1800 was promising but there is not yet any follow-through to the 1750 area. The situation will reveal itself! Good trading,
Christian
Hi Lara,
Thanks for the interesting report on gold. Would it be possible to include an alternative; I am not sure whether cycle wave III is over, and the recent top may have been maroon (3) so that we are currently in maroon (4).
All the best,
Christian
Hi Christian, I’m not really happy with the degree of labeling I have for this current wave count either. I’ve looked for an alternate and not yet seen one. I need to spend more time on this, sometimes it just takes a while before I can see a good alternate that fits.