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Gold: A Swoon & Then The Moon?captainewave Wave *c* of our very large wave .iv. bullish triangle ended at 1614.90 (XAU). From that low we continue to rally in wave *d*, which appears to be a simple 3 wave pattern, with all of wave ^a^ ending at the 1949.30 high. Wave ^b^ is complete at the 1804.70 low, and we are heading higher in wave ^c^, which may be complete at the 2048.70 high. On the Intraday Chart we are once again watching an expanding and extending bullish triangle formation that started at the 2009.80 high. The current legs of that bullish triangle are: Special Offer For Gold Bugs: Our subscriptions are $289 for 3 months, which is great value. For gold community readers, we have a special offer of $269 for 4 months, good through this week! If you want to do it, please click here or send us an Email and we’ll give you a payment link. Thanks!
We have now started a multi-decade correction (bear market). Within wave A, we completed wave (a) at 4222.62 and are now working on an almost complete wave (b) bearish triangle. Within that triangle, wave -c- ended at 4195.44 and wave -d- at 3808.86, and we are now rallying in wave -e-, which could be complete at the 4169.48 high. After our large wave (b) bearish triangle ends we expect a very large thrust lower in wave (c) to complete all of wave A. On our Daily USDX Chart we have shown our count for wave a, which may now be complete at the 100.42 low, although we are still waiting for confirmation. ### May 1, 2023 Risk: captainewave.com is an impersonal advisory service and, therefore, no consideration can or is made toward your financial circumstances. All material presented within captainewave.com is not to be regarded as investment advice, but for general informational purposes only. Trading stocks does involve risk, so caution must always be utilized. 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