Yes. But he also gave allowances for a further pullback from there as well. If gold is currently in wave 1 of major wave 3 it could retrace all the way back into the $1600's or even $1500's and not alter the EW analysis.
Thank you RR. Can't provide an Alf link, but if one googles Alf Field, his Wave analaysis is available. I would not call it "investment advice", but rather his expert computor backed study.
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or even $1500's and not alter the EW analysis.
Thanks Kuch