Gold bugs can run with Wolfe-s a bit longer to postpone Elliotticians' decisions about the wave structure

ChartsEdge has circulated their cycle forecast charts for the upcoming weeks and months in gold. Here's the one for the upcoming week (beyond that requires the subscription to their emailed updates, see their link at right side of this page). In my opinion their work also looks consistent with the analysis that Tim Wood has been showing in his Cycles News & Views subscription (especially interesting since their analytical methods are different). I believe it's also consistent with the remarks that Merriman has been making (Merriman folds in a cycles approach too, with his financial astrological analysis). Certainly, just looking at this chart for the upcoming week, it also looks consistent with measuring a C=A movement as per my original measurements pointing to 1024. Whether or not it would be consistent with the hope of getting to 1192 (per my Fibonacci measurements on the very long term chart*) or 1200 (per Wolfe Wave ideas I've been told about, though I'm not knowledgeable on those) - would either depend on how the cycles play out following this week (sorry, I cannot divulge) or on whether the actual trended tilt this week turns out more bullish than indicated. The C=A for a (B) wave up idea is an Elliott Wave concept that I've discussed quite a bit, including in a January 31 post on this site that also had this "gold bug" scarab photo (above left).
Photo above left: Egyptian scarab artifact; Guillaume Blanchard, July 2004 (via Wikipedia)

Whichever number gold chooses to reach, now that it did 1000 - whether it gets to 1024, 1192, or 1200 - the next big question is whether it completes a double or triple top and goes into bearish mode ... or whether gold bugs will have their triumphant gold-train chugging to fantastic new highs. For now, I'm just glad to have this valuable cycle forecast and to see that gold is doing its part to become even more interesting. Here's the chart:
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* PS - thanks again to Mark Z. for the data I used for that long-term work, and all the best to you out there Mark!