Gold Elliott wave analysis 5/28/2025

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In my view, gold is currently in wave five of the Grand Supercycle Wave V, which I began counting from around the year 1833. While many investors expect gold prices to skyrocket further due to geopolitical tensions, de-globalization, and growing concerns over asset bubbles—evidenced by large-scale stock selloffs and a shift toward cash holdings—I believe much of this fear is already priced in.

As for my price target, I expect gold to complete its final wave at around $3,600–$3,700. This projection is based on the assumption that wave five (in cream color) will likely be equal in length to wave one, especially considering that wave three is the extended wave. After reaching this peak, I anticipate a significant downturn—similar to the crash between 1980 and 2001—which could form a massive wave two correction potentially lasting for decades.

An additional factor supporting my outlook is the upcoming Saturn–Neptune conjunction in 2025–2026. According to financial astrology, previous Saturn–Neptune cycles have been closely associated with recessions, financial crises, and economic restructuring. These periods often expose bubbles, fraud, or excessive optimism. Given the elevated level of gold prices today, which may be considered a bubble, this suggests that a major correction in gold could be approaching.

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