Futures OroLong
GOLD LONG TERM
In previous charts long position in Gold was stated. So far so good and Gold should aim for 1420-1430 next before taking another pause. The ultimate target for 2013 is retest breakdown of triangle near 1530. This should be end of A wave.
The B wave should start from there down before a parabolic C brings us to over 3300 and end the bull market. The mania stage is part of the coming C Wave and can be way beyond 3300+.
The 3300+ is based on a similar size move, but as we can see from past moves, after each larger D decline the C Wave was larger as well in size. A possible fibo target is somewhere 3750 and should mark the end of the Gold Bull
The B wave should start from there down before a parabolic C brings us to over 3300 and end the bull market. The mania stage is part of the coming C Wave and can be way beyond 3300+.
The 3300+ is based on a similar size move, but as we can see from past moves, after each larger D decline the C Wave was larger as well in size. A possible fibo target is somewhere 3750 and should mark the end of the Gold Bull
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