Multi-year High in Gold Complete

With this week’s push upward by gold to just above the 1600 range, it appears to me that Wave-B:IV in gold is complete, or nearly so.

The previous bear market in gold lasted for some 21-years, so it seems reasonable that the current bear market in gold will be a derivative of that, and last some 10.5-years, into the 2022 time frame, with a low target in the 950-1000 range… watching.

 

XAU-USD-W-1-10-20.jpgLink to larger chart:  Link

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