Gold - broader picture shows room into the mid 2000s GOLD FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) COMEX:GC1! powdah Looking at the broader picture of Gold wave 5 of the macro EW cycle. I see two general scenarios, both suggest that we are in a final wave 5. The first scenario is that we are still in wave 3 of that final wave. The second scenario is that we are entering wave 5 of that final wave. Obviously don't know this information until after the fact Key take home from both scenarios and the general trend is BULLISH . So, for near term trades using fib extension levels off of major waves, we are showing a confluence of major resistance in the 2000-2100 area as well as the 2300-2400 area. For purposes of my time frame, I am trading as if 2300-2400 are target areas to trim off some of the position.