The uptrend scenario for gold
There are two scenarios for gold, the first of which was described earlier.
In the case of the second scenario, which is most probable, we are still in a corrective IV wave, and currently, we are currently in B wave from this side.
Given this, it is possible that B Wave has ended in the range of USD 1873, and the uptrend in C Wave will extend with the target of 2024. And further downtrend will be extended in C wave from IV point.
In order to confirm this uptrend, the price needs to cross the range of 1960.14
There are two scenarios for gold, the first of which was described earlier.
In the case of the second scenario, which is most probable, we are still in a corrective IV wave, and currently, we are currently in B wave from this side.
Given this, it is possible that B Wave has ended in the range of USD 1873, and the uptrend in C Wave will extend with the target of 2024. And further downtrend will be extended in C wave from IV point.
In order to confirm this uptrend, the price needs to cross the range of 1960.14
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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.