The picture shown makes much better visual sense than the tortuous, gutless pattern I posted here earlier. (It had an erroneous target to begin with.) The new graph will enable us to use p=1840.80 as a minimum upside projection, and D=1985.40 as a best-case objective for the next 6-8 weeks. Depending on how the uptrend interacts with p=1840.80, I may move ‘A’ down to the marquee low at 1793.50 to produce a slightly higher target. There are no guarantees that the rally will achieve 1840.8, since the chart lacks sufficient information as yet to determine this. At a gut level, though, it looks safe to use 1840.8 as a minimum upside projection.
GCZ22 – December Gold (Last:1802.80)