Long Term Forecast for Gold Futures (GC)

With today’s futures closure near the session lows, I am gaining more confidence that the lower prices, perhaps the much lower ones, could be just around the corner. The just completed candles combo and some daily indicators suggest that it is highly possible that a wave 3 of whatever bigger wave is underway. I would like to share the Very Long Time projection that I initially charted on August 15, 2020 and would like to emphasize that the main graphics have remained unchanged since. Of course, it does not mean that the long term chart would be followed precisely or at all. We still need to see how November ends. So far – on track for an unpleasant surprise.

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