Gold - Could trade sideways for a long term

Gold - Could trade sideways for a long term 

Please consider this option for gold. As you know it's not my preferred count for gold, but then it's no textbook advance from 1,046 and it's no textbook decline from 1,375, which could be explained but this option.

A triangle consolidation in wave (B) would make sense. The rally from 1,046 has already tested the 38.2% corrective target of the decline from 1,920 to 1,046 at 1,375. So instead of gaining more ground price-wise a triangle consolidation would use up time instead.

The triangle consolidation would also allow the USD to move up without hurting the precious metals in any major way, at least for now. A clear break below 1,165 would make this count the preferred count. 

Please step inside and see what else this service has to offer. See you on the other side. 

JT
2014-06-23
Its been a pleasure over the years I have been following you and even better as a member the education you provide in my view is invaluable you can read books as I have but to see how you evolve your ...
Darryl
2014-09-14
Love the good work, most accurate I’ve found in my research. Darryl
Roelant
2019-02-25
Hi Elliotwavesurfer,

You’re in better shape than ever before!

Talking about your recent Brent & WTI analysis.
Awesome & deeply appreciated.

You’re top of the list together with Marty Arm...