GOLD 1000 IS HERE
We have been on positive territory on Gold from 900 levels.
This is what we said on 22 Jun.
Only sub 900, the large negativity begins. Till then we are not ruling out another final impending leg up.
What happened? 980 was tested and Prices pushed up to an intra day high at 997. This is just 3 dollars short of the key psychological levels. Our preferred view is still not looking at a major up move sizably higher that 1000. Alternate view on the other hand could see prices push up till 1100. Weekly RSI support at 40 suggest continued positivity.
Other metals like Platinum are also in ongoing corrective structure pointing to a final leg higher. Despite a hanging man formation, Palladium prices have not reversed yet. Minor trend remains up. Uranium has a non confirming RSI and continues to suggest that a large primary bottoming is in place. Aluminum is making down wedges which suggest a higher resolution higher before anything and Steel seems to be moving in a corrective 4 wave structure.
The metals complex remain at key inflexion points, but the historical event to watch still remains the GOLD 1000 test.
Enjoy the latest WAVES.GOLD
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ORPHEUS RESEARCH AT REUTERS – UNITED KINGDOM
ORPHEUS RESEARCH AT REUTERS – USA
WAVES.GOLD is a perspective product published on Tuesday and Thursday. The report highlights GOLD and other precious and base metals. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools, sentiment indicators and other alternative research tools like INTERMARKET to spot outperformers.
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