1. Main idea: 3500-3120 is purple ABC correction 3 waves have ended, the fifth blue wave has risen, and the purple wave is purple 5 waves. The target is 4,000. There are signs of breakthrough in the downward trend line. At present, the yellow third wave may usher in a slight correction in the tail of the yellow fourth wave. At the beginning of next week, you can keep the long after paying attention to 3340's stabilization. Secondly, if it comes to 3278 at the beginning of next week, as long as it does not break the stabilization, it will be long. That is, the fifth wave of yellow rose. 2. Defensive ideas: 3120-3365 may be a white ABC wave rebound, and the downward trend line may fall here and continue to move ABC correction. Pay attention to the 3280-3250 range stabilization below, and it is still a chance to take on more opportunities. In short, I personally think gold will rise to 4000 soon. The big-to-long period has returned.
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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.