This is my long term perspective on Gold, based on the Elliot Wave principle and another technique I use called Hidden Pivot. This is my first published idea and I do it simply because this is what I see currently and I'm currious to see where it will be in comparison, let's say a year or two from now... I may elaborate further on smaller TF as things develops, if it develops as I think...
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While PA more or less has followed my original plan I have decided for a new count that I feel fits better with my bearish view of Gold. The problem with the old count was that if price plunge as deep as I expect, it would invalidate the count as I and IV would overlap. I plan to enter the trade at e of the triangle, which should be somewhere around 1250, if the structure plays out. Here's the update:
