Terminal gold wave structure

٧ مايو ٢٠١٥

Gold prices are at a critical cross-roads, as can be seen in the weekly chart. Either wave e.2 ended in the region of 1220 or will target approximately 1270 along the pressure line. Wave e.3 will then follow to conclude this correction cycle (wave I in a I-II-III very longterm pattern). The move towards the final low is expected to be rapid, the low value appearing only for a very short period (buying opportunity).