http://www.321gold.com/editori…e/captainewave120619.html
"The next US jobs report is Friday, December 6 (Anm. korrigiert)! Gold often has wild volatility (although less recently) around the release of these reports, and then it shoots higher in the days that follow.
Tomorrow could mark the “official” start of gold wave *v*, which targets the $1700 area!
On our intraday chart, the drop from 1489.90 to the current low of 1477.10 looks like a 3wave pattern, which is bullish.
Wave *iv* is likely now complete at the 1446.30 low.
In the very bullish case, we also need to consider the possibility that wave *iii* is going to extend… and in this case wave !i! of *iii* ended at 1566.20 and all of wave !ii! at the 1446.30.
If wave *iv* is complete gold will start to rally sharply in wave *v*, which has an initial target of 1704.40.
We still need a sharp break and close above red downtrend line that is shown on the daily gold chart.
It has already happened with many gold stocks, and that’s a very good sign of what lies ahead.
Trading Recommendation: Long gold. Use puts as stops.
Active Positions: We are long, with puts as stops!"
Auf geht´s
Grüße