GOLD party
Hello Everyone,
I expressed before in other ideas my love for Gold based on last years price actions...well, the party is about to start. Are you going to join?
In the chart, I highlighted my current Elliott Wave counting. From my perception, it looks pretty clear that Gold is forming an EW triangle and is about to start the last wave E before breaking out and reaching a new ATH.
If we analyse the price action since 2016, we can notice that Gold has completed 3 waves, and it is now completing the 4th wave. You can see that the 4th wave has been a complex correction with 1 zig-zag and a triangle forming a base for the last leg up before a downtrend. The first target after completing wave E will be 2120. I have also created the EW channel for your understanding. I expect the next couple of years to be bullish for Gold, with a peak of 2740 dollars.
GET READY
FOLLOW ME, SHARE, LIKE AND COMMENT
I expressed before in other ideas my love for Gold based on last years price actions...well, the party is about to start. Are you going to join?
In the chart, I highlighted my current Elliott Wave counting. From my perception, it looks pretty clear that Gold is forming an EW triangle and is about to start the last wave E before breaking out and reaching a new ATH.
If we analyse the price action since 2016, we can notice that Gold has completed 3 waves, and it is now completing the 4th wave. You can see that the 4th wave has been a complex correction with 1 zig-zag and a triangle forming a base for the last leg up before a downtrend. The first target after completing wave E will be 2120. I have also created the EW channel for your understanding. I expect the next couple of years to be bullish for Gold, with a peak of 2740 dollars.
GET READY
FOLLOW ME, SHARE, LIKE AND COMMENT
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