by Captain Ewave
GoldSeek
Analysis:
Within our bearish wave b triangle, we completed wave -a- at 107.05, wave -b- at 100.31, wave -c- at 106.38, and it looks like wave -d- may still be underway, although it cannot fall much further.
After wave -d- ends we still expect to move higher again in wave -e-, which cannot exceed the wave -c- high of 106.38, for the current triangle formation to still be valid.
After wave -e- and our bearish wave b triangle ends, we expect a sharp drop lower in wave c. We will update our projected endpoint for wave c, after wave b ends.