Are we looking at the end of the 1 year gold run that started in October 2023 at around 1600 all the way to 2800.
Are are seeing the top of the structure - and RSI weaknesses. It is my strong belief that Gold already saw its peak on the week of October 28th 2024. It has ample room to correct. A 32.5 correction should take it to the 2300 levels. A 50% move correction, which is an indication of a deeper correction should take it to 2200 levels.
Are are seeing the top of the structure - and RSI weaknesses. It is my strong belief that Gold already saw its peak on the week of October 28th 2024. It has ample room to correct. A 32.5 correction should take it to the 2300 levels. A 50% move correction, which is an indication of a deeper correction should take it to 2200 levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.