I expect gold to be entering the final bullish wave of its current long-term cycle, with an ultimate target in the $3,900–$4,050 range.
However, the first major resistance lies between $3,600 and $3,700, where I expect a potential pullback.
From there, a healthy correction toward $3,300–$3,400 is likely.
If strong buying momentum steps in at that support zone, we may see gold continue its rally toward the final target.
📌 Key Risk Level:
Pay close attention to the $3,300–$3,400 support.
If gold fails to hold above it, and closes decisively below, this could signal that $3,600 was already the final top of this bull cycle.
Stay cautious, and good luck to all fellow traders! 🟡📈
However, the first major resistance lies between $3,600 and $3,700, where I expect a potential pullback.
From there, a healthy correction toward $3,300–$3,400 is likely.
If strong buying momentum steps in at that support zone, we may see gold continue its rally toward the final target.
📌 Key Risk Level:
Pay close attention to the $3,300–$3,400 support.
If gold fails to hold above it, and closes decisively below, this could signal that $3,600 was already the final top of this bull cycle.
Stay cautious, and good luck to all fellow traders! 🟡📈
540academy.com
Check out my Twitter account
twitter.com/Gann540
Check out my Twitter account
twitter.com/Gann540
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.
540academy.com
Check out my Twitter account
twitter.com/Gann540
Check out my Twitter account
twitter.com/Gann540
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.