Gold is moving ranging in triangle pattern since April 22, 2025. Currently, we are in wave D and its about to hit at least 3417 in next few days. After finishing wave D, we will retrace a bit to finish wave E. Then gold will rose to 3706-3833, this will require very big news in the world.
In wave analysis XAUUSD chart is preparing to shoot up with triangle which is a continuation pattern. Even more in daily chart we could see it as ascending triangle, which is more probability to shoot up. If it break all time high, we will see $3,800 soon.
This idea is for personal purpose only. Date given could be 1 day earlier or later as different timezone applied. Disclaimer is on for anyone use this idea.
Gold is in correction wave after finished its 5th wave at 1817.98 on July 8th last week. On H4 we can see price is forming Descending Broadening pattern that will bring this upside some more. On lower timeframe we can also see Penant pattern which will break its triangle upside soon. To be consider, we will enter new moon phase on July 20th which usually will...
Since Mar 20, 2020 gold start its new bullish wave. In my opinion it will probably to starts flying at Full Moon which is June 5 or 6, 2020. It has start take a big dip yesterday (June 2, 2020) to throw it high enough to 1800+.
We are on corrective wave 4 of final abcde bigger corrective wave 4.. if combine with full moon on june 5 or 6, 2020 it will launch to at least 1761 or more.
