In the 4-hour timeframe, the completed second and third waves are clearly visible, and in the near future, we could see a potential significant drop.
I’ve analyzed the 4-hour timeframe alongside the weekly and daily charts. Based on the resistance levels, I believe 3085 is the maximum target for this upward move. After that, I expect a price drop toward 2760. For now, this is my outlook, and I’ll update my analysis once these waves play out.
In the daily timeframe, I think global gold will touch the 3085 range, then decline to 2760, then re-enter the rising phase and reach a new target and peak of $4400.
I think global gold is currently touching the target that was mentioned several months ago, which is 2997, but the main resistance could be 3085, from which we can imagine a decline towards 2760. On a monthly time frame, there is a vague target that shows the number $6000, and most likely, if it happens correctly, we can see this happening in late 2029.
In the previous analysis, it was also mentioned the growth of gold, which reached 2195 from 2033, now it needs a minor correction, which can correct up to 2125 and then go up to the next main targets, i.e. 2485 and 2695. There, the chart should be checked again. but I considered the possibility of a decline, after which it will touch the main and final target of $3,000
It seems that the corrective wave is over, it can make a good growth in the form of an increasing wave. The targets are specified in the chart.
Basically, this third wave should be equal to the first wave that I specified as the target. It is really hard to say about the buying position with the momentum it has gained, because it is now in wave 3 out of 3, and Lee probably has to go to 60,000 for the end of wave 3 and 5 out of 3, and it should be checked again there. Now, the halving, which they say is...