Forecast idea for long term Gold. Short term we'll rally from to 1250 then drop 1180-60. There will be a strong bull rally reaching 1400 by end of this year then pullback. Rally in Q1 2018 topping near 1600's. Plenty of opportunists for bulls and bears. Volatility is where profits are made.
I feel after Trump's term Gold will strongly drop into a wave C. Lots of bear profit in 2018-2020. I would expect the Markets to rally bull 2018-2020. After 2020ish a long and harsh bear market for stocks and Gold in a new VERY VERY strong and quick (4 year) bull market. Timing is everything, just follow the trends and waves.
Idea is broken should gold head towards 1000 in 2017.
I feel after Trump's term Gold will strongly drop into a wave C. Lots of bear profit in 2018-2020. I would expect the Markets to rally bull 2018-2020. After 2020ish a long and harsh bear market for stocks and Gold in a new VERY VERY strong and quick (4 year) bull market. Timing is everything, just follow the trends and waves.
Idea is broken should gold head towards 1000 in 2017.
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Wave B needs to be moved to the start of 2017. We're in wave C now doing a correction.
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Possible flash crash to 1120's just to explore more possibilities.
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A flash crash would come from exhaustion.