In my view, gold is forming a corrective ABCDE triangle with an expected breakout to the upside🚀
At the moment, wave C is either still developing or it is almost completed, and wave D may soon begin. I marked these two scenarios with orange🟠and purple🟣 arrows respectively.
However, I also do not rule out the possibility that this structure may turn out to be a flat ABC correction rather than a triangle, as I currently expect.
In that case, price should first move according to the orange scenario.
After the correction completes, I expect price to follow the green path, taking gold above its recent all-time high🌱
And between us — I personally expect gold to eventually reach above 8000 😱
But for now, let’s patiently wait for this current structure to finish forming.
💬Share your thoughts in the comments:
Do you think wave C is already complete, or will gold dip lower according to the orange path?
I’m curious to hear your view.
At the moment, wave C is either still developing or it is almost completed, and wave D may soon begin. I marked these two scenarios with orange🟠and purple🟣 arrows respectively.
However, I also do not rule out the possibility that this structure may turn out to be a flat ABC correction rather than a triangle, as I currently expect.
In that case, price should first move according to the orange scenario.
After the correction completes, I expect price to follow the green path, taking gold above its recent all-time high🌱
And between us — I personally expect gold to eventually reach above 8000 😱
But for now, let’s patiently wait for this current structure to finish forming.
💬Share your thoughts in the comments:
Do you think wave C is already complete, or will gold dip lower according to the orange path?
I’m curious to hear your view.
관련 발행물
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.