Financial Wave. GOLD
Gold.
The price of GOLD reached $1820 as our priority scenario suggested. The rise in wave 4 looks complete or almost complete. This scenario assumes the beginning of a decline in wave 5, which will lead the price of gold to new lows. To confirm our opinion, the price of GOLD should fall below $1767 in which case we can more accurately determine short-term targets and a reversal level.
The price of GOLD reached $1820 as our priority scenario suggested. The rise in wave 4 looks complete or almost complete. This scenario assumes the beginning of a decline in wave 5, which will lead the price of gold to new lows. To confirm our opinion, the price of GOLD should fall below $1767 in which case we can more accurately determine short-term targets and a reversal level.
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