We remain firm on this bullish analysis & I believe a mid term bull move is pending on Gold for 'Major Wave 2' which as students you should know is a corrective wave. I believe this Wave 2 corrective move will be a short squeeze used by market makers to liquidate sellers who got into 'Sell Trades' too late, while at the same time enticing new buyers who believe the next major bull run is due.
Within this 'Major Wave 2' bullish leg, it will be made up of '5 Minor Waves' in the form of 'Wave 1,2,3,4,5' or you could also view it as 'Wave A,B,C,D,E'. It just comes down to how you want to annotate your chart. But the main thing is, each major wave is made up of 5 sub-waves.
After this Wave 2 'short squeeze' is complete, we should see a long term sell off again towards $3,800. But we can also adapt to long term buy's if we need to📉📈
Target 1 - $4,600
Target 2 - $4,800
Target 3 - $5,060 (LOW CHANCE)
❌Invalidation Zone - $3,967❌
Within this 'Major Wave 2' bullish leg, it will be made up of '5 Minor Waves' in the form of 'Wave 1,2,3,4,5' or you could also view it as 'Wave A,B,C,D,E'. It just comes down to how you want to annotate your chart. But the main thing is, each major wave is made up of 5 sub-waves.
After this Wave 2 'short squeeze' is complete, we should see a long term sell off again towards $3,800. But we can also adapt to long term buy's if we need to📉📈
Target 1 - $4,600
Target 2 - $4,800
Target 3 - $5,060 (LOW CHANCE)
❌Invalidation Zone - $3,967❌
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.