simplest option for gold retest 2075 before heading to tl at 2300 cant be ruled out
Another alternative worth watching whole 3 wave move is only wave 1
wave 4 abcde looks good hidden divergences. Target is difficult but at new high 2213-2247 area. Interesting see this play as few scenarios possible
seems we are in wave 4 of c of wave 3. abcde in flag target is possibly 2247 at least a new high to be tested. before a drop t0 test 1980. with an eventual test of long time tl at 2370. Question will then be answered if leading or ending
significant tl at 2400 area upside here is 2230-50 max before testing 1980 possibly 1920. Seems more likely this is ending. Major question is ending or leading, given state of economies gold should head to 3k but w will have to watch pa
At resistance a break out above would be v bullish. However some bearish divergence on 4hr. Not much space before we see direction
2200 coming seems this maybe wave c of wave 3 why not seeing another leg before hitting 2200. retrace level likely 50% max testing 2075
With break out saw a 50% retrace of wave 3 possibly into wave 5 that can target 2200. Bullish scenario bearish one that can see 1920 first. However bo with nice volume. The bigger question is leading or ending ?
shorter term trade looking like a nice drop get dips for longer term
Possible leading but could be ending to! but looks very lucky
Possible wave 4 is only half done and we are into a second corrective structure which may take the year
Just an update and idea of possible direction. I suspect a test of 1920 area before some consolidation and bull run
Sow process now seeing where wave 5 of ends theoretically as low as 1626 if 1670 is to be broken so far given the volume it is been bought. Still, a few numpties think this is a start of a bear market lol you can be assured they are shaking weak hands within a flat correction a new high is due within the next 2 years. The nearer we get to 1620 area the less risk...
A liitle set up for anyone who wants a good set up keep tight sl below 1670
another view gets those dips I am more long-term but any trade should have sl strategically set as it can go to 1620 although unlikely!
seems still within a corrective c wave interesting to see where it ends theoretically 1620 can be touched but buying these dips is a no brainer ;)
Quite simple same plan hold or buy the dips and enjoy the eventual rise :)
let's stick with the shorter-term target of 2500 which should be reached by 2023 and 2400 this year may-july time. Get the dips :)