T/A ETF AND INDEX

[POKERSAM]

GOLD may have completed Cycle wave B of the correction in the decline from 1923. The correction retraced 38.2% of the decline. This is the most common retrace for a B wave in an ABC zig zag. This Cycle ABC is a correction off the 1923 high.
If wave B is complete it is all downhill from here in Cycle wave C. Target for gold is near 500 in this huge correction. Cycle wave C will most probably be a five wave impulse (5-3-5-3-5) but it could be a five wave ending diagonal (3-3-3-3-3) with wave [4] overlapping wave [1].

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