simpler view following bearish trend going back 90s if gold is to start a bigger bullish cycle.
here is the super bull! and i know there is some that see this cycle. I am more for 2700 but it cant be ignored. God help us if this is the case!!
likely take longer i suspect til December before move up but no mistaken symetrical patterns
Another scenario is a larger abcde and it does seem to support a triangle formation. Which would also support a wave 4 also.
alternative bullish count i feel we may see some type of ending diag but the alternative is a normal ending and there is scenarios where this can be 5 of 3. We must concentrate on final leg and see pa similar to 2075 top.
Don't usually post weekdays but this may be going to frustrate for a while longer before the last legs up commence.
simple analysis of trend at massive multiple support we may play short term but only way it can go
if 82 can hold we may have irregular running flat may surprise a few many bearish on gold now. Volume and divergences all dont support bear. Short term 70 and 55 can be seen though if it chooses a longer corrective structure. Either look for buys on dips keep sl tiht if buying at this level below 80 for instance.
have the same count had for the last few years and have shared various versions of it. This is what i see in the next year or 2 how it will in terms of time and price we see. Don't fear been wrong or right follow your analysis have faith in it or don't risk your money IMO.
can we see 3 of 5 take off maybe... 100% to 110% of last run lets see
slightly different v bullish scenario based 12 12 formation suits ending extended 5th also scenario.
alternative break out we can go for 1960 12 12 bullish formation id like to see this but volume divergences are not so favorable lookout for close above 1830-48
48 can test then we see whether break out happens or we retrace to test 1770 area.
gold could be in leading 78-88% of 3 around 48 above this it can go for 1880-1960 i suspect 48 1770 is the path it will take 1830 is big resistance. Look for daily close above this level be v bullish
quick look longer term looks quite bullish on dip entries should be taken imo.
Possible path this is quite optimistic for time 5th can be much slower but the target remains same confluence around around 2560
Short term support resistance simple target last resistance we have a break out