We've seen 2 major wicks down in this current support zone, which market makers used to liquidate early buyers, but we still remain firm on this bullish analysis & I believe a mid term bull move is pending on Gold. This move will '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.
Confluences:
⭕️Major Wave 1 Complete.
⭕️Strong Support Zone From November 2025 (Previous Wave 4).
⭕️Oversold Market Conditions.
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.
Confluences:
⭕️Major Wave 1 Complete.
⭕️Strong Support Zone From November 2025 (Previous Wave 4).
⭕️Oversold Market Conditions.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.