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XAUUSD Monthly Chart Possible 5th Wave Targets
Looking at big picture this looks like we could be in a large Wave 4 structure now
Using Robert Miners fibonacci projection techniques we have a few projected fib cluster areas that could offer clues as to how far a possible wave 5 could extend to
Given that gold is a commodity it tends to trend for longer than expected....
However the Wave 4 may not be complete yet, and therefore if it were to start it would be better to take some money off the table around 2000-2070 as it's likely there will be some reaction there...
Using Robert Miners fibonacci projection techniques we have a few projected fib cluster areas that could offer clues as to how far a possible wave 5 could extend to
Given that gold is a commodity it tends to trend for longer than expected....
However the Wave 4 may not be complete yet, and therefore if it were to start it would be better to take some money off the table around 2000-2070 as it's likely there will be some reaction there...
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