Gold Update: $3,000 Is Not the Final DestinationGold futures broke above minor consolidation, so the map should be updated.
Wave 3 becomes extended (blue small waves) and it is looking to test the trendline resistance near magic $3,000 level.
But that's not all as we didn't see wave 4 yet.
It should be complex to alternate wave 2, which was simple.
Wave 4 could hit the $2,500-2,550 area to complete correction.
We can measure it after wave 3 will be completed.
And finally, wave 5 is usually extended in commodities.
It could be huge, wave 3 already travelled over $1,000,
imagine where wave 5 could rocket then.
It will depend on how deep wave 4 would retrace first.
Stay tuned, share your thoughts below, lucky trades to all of you!
