8 years experience trading gold ETF for swing trading and gold stocks. Use conventional TA tools, EW and regression.

It seems the M. Market is pricing a rate hike in September at this moment …

NIRP (Negative Interest Rate Policy) is and will be a game changer for gold.

The action in gold is actually typical of gold and all commodities.

We are at the beginning of Primary wave 3 (P3) of this bull market in gold.

It looks like this correction for Int. (2) (zig-zag) will soon be over …

A bounce is possible here even if this was a shallow pullback (38.2%). If we go lower, we can reach 1288 (50%), 1267 (61.8%).

The impulse begins more slowly and the correction is relatively time consuming in second wave corrections.

Momentum will build towards the middle of the impulse

for this third wave and will build further during the fifth wave.

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