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
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.