Gold: Weekly Gold Chart: https://captainewave.com/wp-content/uploads/2018/05/ewmay1318gold.png Longer Term Update: Gold was higher this past week, as we still believe that we are working on our wave !iv! of $c$ correction. We continue to work on the assumption that all of a complex wave ^ii^ NOT complete at the 1303.60 low. The specifics what we think wave ^ii^ is now doing are included on our daily gold chart, but we appear to be still working on wave $c$ of ^ii^. Within wave $c$ it looks we still working on our corrective wave !iv! rally. Only a break now above the wave !i! low of 1335.50 low would confirm that all of wave ^ii^ is complete at the 1304.20 low and a sharp wave ^iii^ is now underway. Our 50 to 61.8% retracement zone for all of wave ^ii^ is: 50% = 1301.90; 61.8% = 1286.90. (This drop in gold is following our wave -iv- rally in the USDX, which is described below under the USDX section.) Overall, gold should continue rally sharply in 2018. Longer term, our first and second projections for the end of wave -iii-, as shown on the Weekly Gold Chart, are: -iii-=1.618-i-=1661.80; -iii-=2.618-i-=1993.70. Active Positions: Long with put options as stops! Grüße PS Falls das neue Thema von den Mods nicht genehmigt werden sollte, kann es selbstverständlich wieder abgeschafft werden. Mich egal.
