Bullish case for XAUUSD.
This count has price in wave 5 of (3) of ((5)).
Based on how price has responded to the pitchfork drawn, I am anticipating the upper boundary
to see profit taking and be the end of wave (3). Measured moves with Fibonacci could have price challenge $3300-3350 area if upper boundary is not resistance.
Anticipated wave (4) to be a zigzag down towards $2600 (recession in 2025?).
If all this plays out, I would expect wave (5) of ((5)) to be quite exaggerated (think 1976-1980's 773% increase), with target north of $10k by 2030.
This count has price in wave 5 of (3) of ((5)).
Based on how price has responded to the pitchfork drawn, I am anticipating the upper boundary
to see profit taking and be the end of wave (3). Measured moves with Fibonacci could have price challenge $3300-3350 area if upper boundary is not resistance.
Anticipated wave (4) to be a zigzag down towards $2600 (recession in 2025?).
If all this plays out, I would expect wave (5) of ((5)) to be quite exaggerated (think 1976-1980's 773% increase), with target north of $10k by 2030.
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.
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.