Here's the chart I shared with my students on our 'Q3 Market Breakdown' report. Let's go into a bit more depth regarding it & how the S&P 500 could front-run the big move on Gold for the next few months.
From my 'Elliott Wave Theory' strategy point of view, the S&P 500 is possibly due one more ATH (All-Time-High) to complete Wave V (Major Wave 5). So far we've seen the Major Wave 3 & 4 complete, with the final bullish cycle in progress.
Wave 5 so far has created - Wave I, II, III & IV with final bullish leg Wave V now in progress. Check chart annotations🔺 As this bullish leg moves higher, it is likely to drag Gold higher with it towards $4,800 - $5,040📈
Once the S&P 500 completes this bullish cycle & starts to decline, we could witness a 27% crash. Institutional investors will panic from this crash & needs fund to keep their losing positions from being liquidated. This'll lead to them selling off their Gold, which should drag Gold to its next major target of $3,800 or even $2,800👀
From my 'Elliott Wave Theory' strategy point of view, the S&P 500 is possibly due one more ATH (All-Time-High) to complete Wave V (Major Wave 5). So far we've seen the Major Wave 3 & 4 complete, with the final bullish cycle in progress.
Wave 5 so far has created - Wave I, II, III & IV with final bullish leg Wave V now in progress. Check chart annotations🔺 As this bullish leg moves higher, it is likely to drag Gold higher with it towards $4,800 - $5,040📈
Once the S&P 500 completes this bullish cycle & starts to decline, we could witness a 27% crash. Institutional investors will panic from this crash & needs fund to keep their losing positions from being liquidated. This'll lead to them selling off their Gold, which should drag Gold to its next major target of $3,800 or even $2,800👀
TELEGRAM - @XTBCAPITAL
t.me/XTBCAPITAL
goldvaultacademy.net
Instagram: @GoldVault_Academy
t.me/XTBCAPITAL
goldvaultacademy.net
Instagram: @GoldVault_Academy
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
TELEGRAM - @XTBCAPITAL
t.me/XTBCAPITAL
goldvaultacademy.net
Instagram: @GoldVault_Academy
t.me/XTBCAPITAL
goldvaultacademy.net
Instagram: @GoldVault_Academy
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.