Gold experienced a significant $200 drop, forming a clear five-wave decline that hit its downside targets. A bullish engulfing candle and a Tweezer Top pattern have emerged, indicating a potential upward rebound in a corrective wave targeting one of these levels: 2665, 2690, or 2715. Gold might dip again before reaching these targets, but as long as it does not...
We believe that gold is currently in wave of the fourth wave and may have completed this wave in October 2024 at the level of 2789. Gold finished its third upward wave in 2011 at 1920, after which it declined to 1046 in November 2015, which we interpret as wave of the fourth wave, rather than the complete fourth wave as many analysts worldwide suggest. Our...