Gold upside caution warranted 1870 !!!
Why caution... it's going higher & higher 1900 then 1975 then 2000 and boom not to be seen...quite possible the other scenario resistance coming up at 1895-1925.
Lets see why 1615-1729=1, 1729-1618=2, 1618+230(200%)=1848,+288(250%)=1906,+300(262%)=1918=3? these prices are within 62%-78% of 2070-1615.
What happens from 1895-1925... probable price consolidation(SIMPLE/COMPLEX) of about 150pts or more for the 4th wave 1830-1780 price zone.
The above scenario is what to expect at the upper resistance zone of 1895-1925 or GOLD has a blow out and continues higher above 1975-2000 & 2070 TO ALL TIME HIGH'S.
What if 1615-1729=A, 1729-1618=B & 1618 to 1895-1925= C then WHAT TO EXPECT a deeper correction, continuation of the downside and break below 1615 then
2070-1615=A, 1615-1925=B 1925-?= C,THEREFORE C= 1925-455(100%)= 1470, 1925-575(127%)= 1350 OR 1925-625(138%)=1300
The downside for C could be either 3 waves or 5 waves.
Lets see why 1615-1729=1, 1729-1618=2, 1618+230(200%)=1848,+288(250%)=1906,+300(262%)=1918=3? these prices are within 62%-78% of 2070-1615.
What happens from 1895-1925... probable price consolidation(SIMPLE/COMPLEX) of about 150pts or more for the 4th wave 1830-1780 price zone.
The above scenario is what to expect at the upper resistance zone of 1895-1925 or GOLD has a blow out and continues higher above 1975-2000 & 2070 TO ALL TIME HIGH'S.
What if 1615-1729=A, 1729-1618=B & 1618 to 1895-1925= C then WHAT TO EXPECT a deeper correction, continuation of the downside and break below 1615 then
2070-1615=A, 1615-1925=B 1925-?= C,THEREFORE C= 1925-455(100%)= 1470, 1925-575(127%)= 1350 OR 1925-625(138%)=1300
The downside for C could be either 3 waves or 5 waves.
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