GOLD'S LAST LEG DOWN

When you say ‘FIRST’ or ‘LAST’, you are already attaching 100% probability to an action. Such high probability forecasts are generally prone to error because even if ‘TIME FRACTALS’ and ‘PRICE FRACTALS’ were perfect, the human ability to see patterns and form is not.
Above this market’s have an ability to surprise or markets always have another top and another bottom. This is why calling a last leg is risky. There is one aspect, which keeps us a bit hedged and that is the degree. There are various trend degree’s in market, a minor, an intermediate and primary. The ongoing action in GOLD is nearly 12 month old, making it a primary leg down. The overall formation still seems incomplete and indicates that the move up is indeed a corrective preferred X.
So, if the GOLD 30 year cycle is still ongoing till 2015, and if the relative performance of Gold against global assets is any indication of strength, any fall from here should be the last and of intermediate degree for GOLD till 2015.
The TIME CYCLE illustrated here also suggests that momentum is overstretched and Gold is indeed exhausting at current levels rather than getting ready to move higher. India spot gold also seems topping. The latest WAVES.GOLD carries ANTICIPATED and HAPPENED cases on PLATINUM, SILVER, STEEL, COPPER and ALCOA, which continues to hold up against all negativity.
Enjoy the latest WAVES.GOLD
WAVES.GOLD is a perspective product published on Monday and Wednesday. 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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