Third hyperbolic wave complex
We are in the third wave of a smaller degree pattern thats complex
This is the third wave of a third bigger wave
2452 is the invalidation level
Its support is 2450/2447.91
Below that you saw sharp declines but the 2440/2442 which is actual support for this too up to its supposed target 2485/2530
Remember mn to 6 months is still heavily bullish
Retrace movement's can be bought at dips
2400 turned support again while 2480.28 keeps strong resistance for a third time
Break will be in this months week if not I'll have to wait on news or overflow on bears.
Bears won the double trap at 2475/2459
Pattern looks still billish as I said but now bulls are weak as sl for sellers is a possible tp a 2461/2469
Sellers want 2432/2337.10
News is the only thing that can favour selling below mva 50 2459.88
Sellers from 2460_2450.30
Buyers 2575_2455.5
Ranged market
Daily indecision candlestick bullish close
Weekly to 12 months bullish closes no retest of 2200
Target 2500/2900 lastly
1.5 million an 0.z 20 years
2025/2026-2037 somewhere there 5000-1000k
This is the third wave of a third bigger wave
2452 is the invalidation level
Its support is 2450/2447.91
Below that you saw sharp declines but the 2440/2442 which is actual support for this too up to its supposed target 2485/2530
Remember mn to 6 months is still heavily bullish
Retrace movement's can be bought at dips
2400 turned support again while 2480.28 keeps strong resistance for a third time
Break will be in this months week if not I'll have to wait on news or overflow on bears.
Bears won the double trap at 2475/2459
Pattern looks still billish as I said but now bulls are weak as sl for sellers is a possible tp a 2461/2469
Sellers want 2432/2337.10
News is the only thing that can favour selling below mva 50 2459.88
Sellers from 2460_2450.30
Buyers 2575_2455.5
Ranged market
Daily indecision candlestick bullish close
Weekly to 12 months bullish closes no retest of 2200
Target 2500/2900 lastly
1.5 million an 0.z 20 years
2025/2026-2037 somewhere there 5000-1000k
Note
1'35% up now anything can happen
Monitoring 2470 2497-2500
Expecting slow choppy climb into new year 2800
Another 300+-$
Note
4501.87 below can correct price to 4495
Important support 4485/4475
Note
Price seems bearish. Many selling at the top. Buyers gave away momentum on daily TF I see a drop to 4423
This is what I dont like unexpected turns that become trend reversal for now ill move sl to 4480 for hald profits
Note
4505.88 key resistance needs engulfing close with 4510
Aim 4530-40
Or 4800/4900
Sellers below 4500.20
Aim 4494.60/4472/4420.78
Trade active
Buy order opened 4505.57Note
I'll exit soon price rejection is to much.
Sl for now 4486
Note
If we see 4550 this week I'll hold to 10 k like I said as my eyes on 1.5Million an oz but that may not be in my life time unless things pop of or we move into a new form of money or reset like the 2008 financial global year when inflation hit most people poor or a major setbackNote
3000$ year end target and start off as price of high but we will compare 2018/2019 with 2023/2024
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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.