Gold Weekly Chart Bullish Review

My focus is always to link all Cycle degree connections first which I work with 3-degree levels below and 3-degree levels above Cycle degree.

I believe the 2011 peak is a Cycle degree peak and what followed was a bear market decline, ending in 2015 with 3-degree levels. I had 2015 low as a wave 3 bottom but It took far too long to play out, so 2015 becomes the “A” wave bottom in Primary degree.

Higher lows are clearly visible with the “B” wave in Intermediate degree (Red), stopping the gold crash in its tracks, August 2018. ($1160) I bet not too many people remember any fundamental logic about why gold started to soar.

With any wave position its always a reminder so we can never forget where the wave count started from.

I believe a “C” wave bull market is in progress and we still need waves 3-4 and 5 to show themselves in Minor degree.

I will not post every single little wave count as they become irrelevant due to the fact that it’s impossible to find our mistakes. If we just use 3-degree levels and count out 50 positions, then you have a minimum of 150 wave positions that could all be wrong!

In the long run, I see this as a bear market rally and there should be more upside to come.

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