Loading ...It is a mystery to me that so gold market analysts understand Intermediate PM timing only by looking back after the fact.
We began our A wave down in the middle of Nov. Then we had the B wave which has stalled out for several weeks. Next comes the final Capitulation C wave down to the bottom of this Int. trend.
Exact bottom timing can be off by a few weeks as these cycles be long or short….But, no way have we seen this bottom yet. It’s coming very soon. Average cycle timing would put it around Feb. 22/23.
At any rate putting cycle timing aside one can clearly see indicators are not in any way there yet. It looks like so far this is going to be a shallow bottom say around $ 1750. Where ever it lands it’s not here yet.