Gold has already started the new bullish cycle
Medium-term Gold forecast.
The corrective cycle that started 2 years ago has finally ended, and we have already started the new bullish cycle. This cycle is wave 5 (orange) and is expected to reach at least the 2,100 level.
We bought Gold when the price was in the Inflection Zone (green area). At this moment, we are risk-free and waiting for the confirmation of the bullish sequence to try to enter again, targeting smaller timeframes corrective cycles.
We will keep you posted when this opportunity appears.
Have a fantastic trading day.
The corrective cycle that started 2 years ago has finally ended, and we have already started the new bullish cycle. This cycle is wave 5 (orange) and is expected to reach at least the 2,100 level.
We bought Gold when the price was in the Inflection Zone (green area). At this moment, we are risk-free and waiting for the confirmation of the bullish sequence to try to enter again, targeting smaller timeframes corrective cycles.
We will keep you posted when this opportunity appears.
Have a fantastic trading day.
Trading the Right Side team
All our links: bit.ly/m/TRS
NEW Free telegram channel: t.me/tradingtherightside
All our links: bit.ly/m/TRS
NEW Free telegram channel: t.me/tradingtherightside
Related publications
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.