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The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.
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Is Gold Going to Take a Breather?
Based on the dominant cycles from the daily chart, GC (gold futures) may correct into late 2024.
The expected correction should be Primary-4 wave targeting the general 2,400 range.
After correction, GC should advance in the Primary-5 wave toward the 3,000 range in 2025.
Are You Bullish on Gold?
Yes or No? |
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One of my posts from Saturday.
#SPX broke the red wedge in July but has returned to it
$SPX formed a smaller green wedge & and is strugling with negative RSI divergence
The pattern of lows (pink) suggests a low around 27 Oct.
#SPY $SPY #ES $ES #StockMarket— BraVoCycles Newsletter (@BraVoCycles)
3:22 PM • Oct 5, 2024
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