Seven months ago I posted my last GOLD update and as we know now, I nailed it.

The expected triangle as red wave B will come to an end in the next two or three weeks. It is common for wave e of a triangle to not hit the trendline, so it could be done on Monday starting this epic crash.

Let's recap: https://steemit.com/gold/@ew-and-patterns/gold-update-02-07-18

"If any of those counts turns out to be correct, the world as we know it might be in serious trouble starting either in 2021 or 2022. I am talking about 4000+$ GOLD in blue wave 3, possibly way more than that. That can't be good for equities because GOLD is considered a safe haven. IF the demand is huge, something is not right. And yes, I know that the spot market for GOLD is heavily manipulated. It should be much higher already. Nevertheless, I am a strong believer in waves..."

click to enlarge

If gold follows this count, GOLD will hit new alltime highs in about 7 seven years from now, after crashing down to 900-700$ first (845$ is most likely).

There are two unlikely alternates which see GOLD rise to 1430$ or 1500$ before the crash, but for now the structure looks so clean as a triangle that I do not entertain the thought about those alternates. It just fits too well this way.

If you think this to be useful information:


Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...

Have a nice day :-)

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