Gold has been following a long-term Elliott Wave cycle since 1970, and Wave 5 is now in progress!
Key Wave Structure:
✅ Wave 1: $35.85 → $875
✅ Wave 2: $252.1 (Correction)
✅ Wave 3: $1920.94 (Major Bull Run)
✅ Wave 4: $1046.54 (Final Pullback)
🔥 Wave 5: Currently playing out!
Potential Wave 5 Price Targets 🎯
Using Fibonacci Extensions from Wave 3 & Wave 4:
📌 100% (1:1 of Wave 3) → $2715.38 ✅ (Hit in Nov 2024!)
📌 1.272 Extension → $3168 - $3200 (Next Major Resistance)
📌 1.618 Golden Ratio → $3748 - $3800 (Extended Target)
📌 2.0 Extension (Supercycle?) → $4300 - $4800+ 🚀
💡 Key Takeaways:
Gold’s Wave 5 is accelerating, and new all-time highs are possible!
If the bullish momentum continues, $3200+ is the next key zone.
A supercycle rally could push Gold toward $4000 - $4800.
🔔 Will Wave 5 extend further? Drop your thoughts below! 👇🔥 #Gold #ElliottWave #XAUUSD
Key Wave Structure:
✅ Wave 1: $35.85 → $875
✅ Wave 2: $252.1 (Correction)
✅ Wave 3: $1920.94 (Major Bull Run)
✅ Wave 4: $1046.54 (Final Pullback)
🔥 Wave 5: Currently playing out!
Potential Wave 5 Price Targets 🎯
Using Fibonacci Extensions from Wave 3 & Wave 4:
📌 100% (1:1 of Wave 3) → $2715.38 ✅ (Hit in Nov 2024!)
📌 1.272 Extension → $3168 - $3200 (Next Major Resistance)
📌 1.618 Golden Ratio → $3748 - $3800 (Extended Target)
📌 2.0 Extension (Supercycle?) → $4300 - $4800+ 🚀
💡 Key Takeaways:
Gold’s Wave 5 is accelerating, and new all-time highs are possible!
If the bullish momentum continues, $3200+ is the next key zone.
A supercycle rally could push Gold toward $4000 - $4800.
🔔 Will Wave 5 extend further? Drop your thoughts below! 👇🔥 #Gold #ElliottWave #XAUUSD
Trade active
Active Trade: still bullingNote
so much more movesTrade closed manually
we are happy with 📌 1.272 Extension → $3168 
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.