2021-02-10

GOLD

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
ACCORDING TO  OUR INTERPRETATION, THE BOUNCE OF $1784 IS JUST A COUNTER TREND AS WAVE 2 OF (c) OF Y (CIRCLE) AS A DOUBLE ZIGZAG CORRECTION IN MINOR FOURTH WAVE
AS  THE CHART SHOWS THE COMMON RELATIONSHIP BETWEEN WAVE W AND Y TEND TOWARDS EQUALITY IN MAGNITUDE , AS WAVE A AND C IN SINGLE ZIGZAG (W=Y, A=C), NOTICE WE HAVE  WAVE W =Y ,ROUGHLY AT 1735 , THE END C OF Y = A  AT NEARLY 1715  THEN WE HAVE  A POWERFULL ARGEMENT FOR EXPECTING A TURN AT CALULATED PRICE RANGE AT $ 1735- $ 1715 SO WE THINK WAVE 4 IS STILL ONGOING AND OUR OUTLOOKWILL NOT CHANGE IF ONLY GOLD CLOSE BACK ABOVE $ 1876