Gold chart

[Trdr]

Gold appears to have a 'perfect/classic' EW/fibo Price Movement
note the fibo numbers of the price, waves and time periods

Could gold rally to $1300 an ounce by 2008, 2013, 2021 ?
what will the price be at those coincidental fibo years ?

What about gold at $2100 an ounce ?

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[TWI]

The shrugging off of Thursdays key reversal is pretty promising for a move to 650 then 720 and target 850. In the past action similar to that displayed reently has sent things a lot higher and a collapsing dollar will only help things up. If there is a push below 590 I think we could be in for a longer consolidation first but need a close below 575 to call this higher move into question IMO.

 

[Trdr]

Monthly to May 19

changes: projection fibo L 253.2 ; yellow line July