But, before I am willing to trade that next rally aggressively, I am going to wait for the market to provide us with a clear 5-wave structure off a low I expect to be struck over the coming week or two. Once that 5-wave structure completes, I will be preparing an aggressive trade posture for the next larger degree rally phase I expect. In the meantime, I am looking for a local bottom to be struck in our gold price forecast over the coming week or two, and followed by a 5-wave rally off that low. That will then put us on warning to prepare for the next major rally phase over the coming months.
Tags
local
gold
bottom
approaching
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Investing
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