CFDs on Gold (US$ / OZ)

Long

Updated

Gold breaks up triangle to hit 1860-1880

Wave 4 emerged as triangle ABCDE.
The price broke above the BD trendline / upside of the triangle.
Target is between 1860 (Fib based) and 1880 (simple upside of trend channel).

Note

Update

snapshot

another zigzag shifted the wave D to the right and only now we will have a breakout

Note

gold looks weaker than silver as gold/silver ratio plummeted huge
could be ending diagonal 5 of (5)

snapshot

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Related publications

Gold hates noise of printing press

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.