SUMMARY
Gold is likely still in a long term bear market. The chart below shows the update wave counts as a massive ZigZag count of 5,3,5 on the ABC waves. This is a weekly chart and so far, the Elliott Waves are quite crisp and clear. The B wave is still in progress and will likely be so until March of 2019 where the ranges of $1,374 to $1,570 can be potential.
Here is the same chart but with the upward pointing wedge pattern in place (blue lines). The A and B waves are complete and C is in progress. That would D and E to compelte the pattern and bring price to a close proximity to the apex. Again, this is a weekly chart and so most of 2018 will likely be spent in compeleting this bearish wedge.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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Bitcoinnnnnnnnnnn
how do you insert gifs on here?
Haejin victims are in disbelief in front of homeless shelter
Looks like it fits perfect haejin with your new parabolic highs in the DOW and S&P and then a deflationary depression...will be interesting to watch
It will take me a while to fully understand this.
Thank for information
Thanks always
Thank!
If Gold is going down then where is all the institutional money going to go...
Crypto and Silver will explode is my guess..
Thanks for all you do!
Can we get a detailed Electroneum (Etn) markup and video?
you think gold will go down and silver will explode ? you gone nuts with haejin
Thank you haejin for this analysis. I have been trying to convince friends not to buy gold this year as it will seem to rise but only to tank after. let's who is right.
nice to see that. any ways don't foget to follow me bcz I am following you. thanks in advance
Interesting...
Time will tell
if some one takes position with his call, could go bankrupt very easily .... earlier he said B wave was done and C is going, and in C 1 is done 2 is going (and at max it will go to 1400) and we will start 3 downwards soon.... now he says B is still going, and it can take us to 1600
Very quite good!
What do you think about Silver, the MACD is confining itself into a wedge;
This looks bullish! Do you think Gold / Silver can go inverse trend for a while?
How about this perspective?
