🥇 GOLD Gold continues its strong growth. Soon 2070
Updated
Gold moves beyond 2025 after another resistance test. The correction ending at 2000 gives a good start for the third wave of the Elliot. 2070 soon!
TA on the low timeframe:
1) We see that after the retest of the 2025 level, the price successfully breaks it.
2) We are waiting for the price to consolidate above 2025 to confirm that growth will continue
3) The whales' main target is the 2070 level, but the long-term potential is looking far ahead (2100, 2200 and probably 2500).
4) The price can go down to the 2020 area for a retest and make a false-break of the 2025 level.)
5) The trend is bullish (local and global)
Key support is 2025, 2020
Key resistance 2031, 2050
Watching the 2025 level, the price may make a false break (retest) before further growth. Target 2050
TA on the low timeframe:
1) We see that after the retest of the 2025 level, the price successfully breaks it.
2) We are waiting for the price to consolidate above 2025 to confirm that growth will continue
3) The whales' main target is the 2070 level, but the long-term potential is looking far ahead (2100, 2200 and probably 2500).
4) The price can go down to the 2020 area for a retest and make a false-break of the 2025 level.)
5) The trend is bullish (local and global)
Key support is 2025, 2020
Key resistance 2031, 2050
Watching the 2025 level, the price may make a false break (retest) before further growth. Target 2050
Comment
1st target reached
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