Gold could be heading towards the end of Primary Wave 3, maybe in an ending diagonal. Then the Wave 4 correction would follow. This could take a few months, and prices could decrease by around 10%.
When completed, we will be in the final Wave 5 and will target the $3,000 level. The price could extend well beyond this, as Wave 5s in commodities are often the longest wave, and Gold could end with a blow-off top!
When completed, we will be in the final Wave 5 and will target the $3,000 level. The price could extend well beyond this, as Wave 5s in commodities are often the longest wave, and Gold could end with a blow-off top!
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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.