- 50% of the low to low cycle of Jul 28 2010-Jan 28 2011 (184 cd) was April 30th.
- The price amplitude of the Jul 28-Dec 7 bull wave was $274.70 . 1/2 of 274.7 added to the 1430.60 Dec 7th high is $1567.95
- The $122.50 decline from Dec 7th to the Jan 28th low at $1308.10 when added to the Dec 7th high equals $1553.10
The chart below shows the potential 'Three peaks and domed house' formation which if continues to form has VERY BEARISH implications for the gold market.