Expanded Flat Done? Sell!
From a technical perspective, we believe gold is currently in the process of completing Wave 4. The rally to $2,850 marked the end of Wave B, a pivotal moment before a corrective pullback. Our analysis suggests that this pullback, classified as Wave C of Wave 4, is expected to drive gold prices down to approximately $2,400 per ounce.
This corrective phase is projected to bottom out around mid-April 2025, creating a robust support level. Once this corrective phase concludes, we anticipate a strong bullish reversal. This upward momentum will form Wave 5, pushing gold prices to unprecedented highs, with our target set at $3,300 per ounce.
This corrective phase is projected to bottom out around mid-April 2025, creating a robust support level. Once this corrective phase concludes, we anticipate a strong bullish reversal. This upward momentum will form Wave 5, pushing gold prices to unprecedented highs, with our target set at $3,300 per ounce.
VITAL DIRECTION ~ Wealth Matters
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VITAL DIRECTION ~ Wealth Matters
Read the full article on our website: vitaldirection.co.uk/analysis/
Join our Telegram community to stay updated: t.me/+uO1myDok2eQwMWM0
Read the full article on our website: vitaldirection.co.uk/analysis/
Join our Telegram community to stay updated: t.me/+uO1myDok2eQwMWM0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.