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1/22/26: Above is my long-term count for gold from the 1905 low. In golds 12-decade yearly chart, I am counting wave 1 as ending in 1934, wave 2 in 1949, wave 3 in 1980 and wave 4 in 1999. The wave 1 length was 29 years and the wave 3 length was two years longer at 31 years. If wave 5 is two years longer than wave 3 that equates to 33 years in 2032. 33 years is just one year below Fibonacci number 34 and which occurs in 2033. Based on those observations and in relation to the long term upper parallel channel line that gives the following upper price targets for gold: 2028 - 23300, 2029 – 24600, 2030 – 26540, 2031 – 28600, 2033 – 33200, 2034 – 35800. That 2028 to 2034 time span looks like the most reasonable period for wave 5 to finish out and with a price target of 23300 to 35800. |
