GOLD:
1) WAVE 1: I have considered 1973 onward wave first, it takes time near 7years. during theses period 821point move & 84bar, 2556day taken.
2)WAVE 2:( time period 1980 to 2001) = almost 90% retracement, 258 bar & time taken 7852day. price is does not closed beyond wave 1 . so clear this is wave 2 because it has taken more time as compared to wave 1 & price less damaged.
3) WAVE 3: Normally Wave 3 is longest but in commodity wave 5 is mostly longest. so 1675 point moved in wave 3, 114 BAR & time taken 3469 days. its projection of wave 1 is appx 2%
4)WAVE 4: -861-point retracement of wave 3. 146 BAR, 4446 days taken. 50% retracement of wave 3. wave is correction wave in this wave time is more consumption & price is less damaged.
5) WAVE5: Now present wave 5 is ongoing. generally, wave 5is longest in only commodity. at present already 2135 move done, only 22BAR & 671day. projection now exit between 161.8% to 2%. so seems it may end may go 2% which is 4387$ . buy WAVE 5 almost done (FOMO/BUBBLE).
NEXT: Correction A/B/C is pending which max retracement of complete wave from wave 1 to wave5 which will be 2543 $ (min 38.2%).
This is only educational purpose
Er N S RAWAT
NISM/NCFM Certified
1) WAVE 1: I have considered 1973 onward wave first, it takes time near 7years. during theses period 821point move & 84bar, 2556day taken.
2)WAVE 2:( time period 1980 to 2001) = almost 90% retracement, 258 bar & time taken 7852day. price is does not closed beyond wave 1 . so clear this is wave 2 because it has taken more time as compared to wave 1 & price less damaged.
3) WAVE 3: Normally Wave 3 is longest but in commodity wave 5 is mostly longest. so 1675 point moved in wave 3, 114 BAR & time taken 3469 days. its projection of wave 1 is appx 2%
4)WAVE 4: -861-point retracement of wave 3. 146 BAR, 4446 days taken. 50% retracement of wave 3. wave is correction wave in this wave time is more consumption & price is less damaged.
5) WAVE5: Now present wave 5 is ongoing. generally, wave 5is longest in only commodity. at present already 2135 move done, only 22BAR & 671day. projection now exit between 161.8% to 2%. so seems it may end may go 2% which is 4387$ . buy WAVE 5 almost done (FOMO/BUBBLE).
NEXT: Correction A/B/C is pending which max retracement of complete wave from wave 1 to wave5 which will be 2543 $ (min 38.2%).
This is only educational purpose
Er N S RAWAT
NISM/NCFM Certified
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La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.