9 Oct 2020 ● 06:46 AM
Gold ended wave 1 at a 23.6% retracement and therefore the near 61.8% retracement in wave 4 is normal. Short term minor wave ii ended at a 61.8% retracement near 1872. From this level minor wave iii up should have started and can get past the averages at 1910 and head toward the upper Bollinger band toward 1971. At a larger degree 3=1 and if 5=1 as well then we end up near 2240 near the upper end of a rising channel from the wave 2 bottom.