Gold’s Golden Era: A Historic Surge to New Heights!
In our analysis of gold, we believe that primary wave three was completed in Aug 2020. Following this, gold entered a sideways movement that persisted until late 2022, at which point it began a significant upward trajectory, signalling the completion of primary wave four. Currently, gold is hovering around $2,600, which we anticipate will culminate in intermediate wave three, projected to peak around $2,800. Subsequently, we expect a wave four pullback to approximately $2,250. Once this intermediate wave four concludes, we forecast a surge towards new all-time highs, completing intermediate wave five of primary wave five, with targets in the region of $3,500 to $4,000. At this critical juncture, we anticipate a strong downturn in gold prices, potentially entering a bear market and retracing to around $1,500.
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