GOLD seems to be a bad investment in the coming years. I have two bearish main counts.
They are basically the same ABC count, but the second has a triangle as wave B which which would take more time to unfold than the first one.
The only way to avoid a scenario like this, is to bust through 1500$ and afterwards 1600$, 1700$ like a hot knife through butter.
If any of those counts turns out to be correct, the world as we know it might be in serious trouble starting either in 2021 or 2022.
I am talking about 4000+$ GOLD in blue wave 3, possibly way more than that. That can't be good for equities because GOLD is considerd a safe haven. IF the demand is huge, something is not right.
And yes, I know that the spot market for GOLD is heavily manipulated. It should be much higher already. Nevertheless I am a strong believer in waves...
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