Gold (spot) XAU/USD Silver (spot) XAG/USD

31st July:  Gold spot XAU/USD, daily 

Typically, when taken from the end of the 2nd wave, the 1.618 Fib ratio of the 1st wave will target the top of the 3rd wave. In this case that target is taken as [3]' because there is no alternation between the larger pull backs of the Primary 3rd wave up to that point. The 1.618 Fib symmetry from [4]' now points to the extended top of the Primary 3rd wave. This target is also supported by the RSI and month end. 

ire brevis

27th July

Spot Gold:

Spot Silver

24thJuly

With the inrush of the lemmings the time has ripened. Pro is also short for prospering, most often by taking the candy from the babies. The piranhas will now strip the fattened  pig to the bone. Sorry for the lemmings but due to the nature of the jungle the truth is that history still repeats itself most each and every day. No amount of woke or coke can change this one. Maybe the piranhas can be temporarily distracted whilst the lemmings make a run for it, but its a long shot.

longo vivas tempore

My numbering:

The purpose of sharing this is to encourage broader interest with the application of the Elliott Wave theory. 

The standard version of the theory applies.

XAU/USD, Spot Gold

Wave 2 extended as the world waited for the futile Fed. November is good for gold. The Fed is good for nothing new.

XAU/USD, Spot Gold ($US/Oz)

This hourly chart has waited patiently for XAU/USD to complete a satisfactory symmetrical triangle. And it was worth the wait. It is a genuine classic. An example of near perfection. As we gaze upon the elegant form we are transported to another level where perfection is everywhere and con artists are used for firewood when making a braai.

The other reason for verbalizing about this pattern is that it could have been made to wait for the next holy Fed meeting where the future of the brain activity of most human forms is always decided.