1. Market Overview: Bullish Momentum
Current Trend: Gold is in a bullish phase, supported by price action above key moving averages (e.g., 50-day SMA/EMA).
Immediate Targets:
Target 1: 3571 (near-term resistance from Fibonacci extension).
Target 2: 3747 (alignment with historical highs and harmonic patterns).
Key Support: 3330 (round number + confluence of trendline support).
2. Time & Price Analysis
Vertical Reversal Line: A short-term reversal is expected at ▲ [Mark Date/Time Here] (use TradingView’s vertical line tool).
Rationale: Cycle analysis suggests profit-taking at this juncture, followed by trend continuation.
Bullish Continuation: After the reversal, expect a rally toward 3571 and 3747.
3. Critical Pattern: Cup and Handle
Pattern Progress: The cup is forming, with the handle consolidation phase projected to complete by September 2022 (adjust date if typo intended).
Breakout Confirmation: A close above the cup’s rim (e.g., 3450) validates the pattern.
Target: Measured move suggests ~15-20% upside post-breakout.
4. Cyclical Analysis (48-Day Cycle)
Current Phase: We are in the ascending phase of the 48-day cycle.
Next Cycle Shift: Monitor for trend acceleration or reversal around ▲ [Date +48 Days] (use cycle tools for visual clarity).
Key Action: Adjust positions if price diverges from cycle expectations (e.g., failure to hold 3330).
5. Long-Term Outlook
2025 Low Reference: The $2536 level (November 2024) is flagged as a structural low, reinforcing the multi-year bullish bias.
Risk Management:
Stop-Loss: A sustained break below 3330 invalidates the short-term bullish thesis.
Position Sizing: Hedge exposure if volatility spikes (e.g., Fed policy shifts).
6. Visual Tools (TradingView)
Horizontal Lines: Mark 3330 (support), 3571, and 3747 (targets).
Fibonacci Retracement: Draw from recent swing low to high for extension levels.
Cup and Handle: Use the “shapes” tool to outline the pattern.
Cycle Annotation: Label the 48-day cycle with text/arrows.
Call to Action:
“Like, follow, and comment to unlock updates! Set alerts at 3330 for pit-stop entry opportunities.”
⚠️ Disclaimer: This post is educational content and does not constitute investment advice, financial advice, or trading recommendations. The views expressed here are based on technical analysis and are shared solely for informational purposes. The stock market is subject to risks, including capital loss, and readers should exercise due diligence before investing. We do not take responsibility for decisions made based on this content. Consult a certified financial advisor for personalized guidance.
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Cycle-1---> Cycle-2---> Cycle-3---> Cycle-4---> Cycle-5
A--->2983.25---> 3205.72---> 3436.20---> 3674.68---> 3921.15
B--->3010.62---> 3234.10---> 3465.57---> 3705.05---> 3952.52
C--->3038.12---> 3262.59---> 3495.07---> 3735.55---> 3984.02
D--->3065.74---> 3291.21---> 3524.69---> 3766.17---> 4015.64
E--->3093.49---> 3319.96---> 3554.44---> 3796.91---> 4047.39
F--->3121.36---> 3348.83---> 3584.31---> 3827.79---> 4079.26
G--->3149.35---> 3377.83---> 3614.31---> 3858.78---> 4111.26
H--->3177.48---> 3406.95---> 3644.43---> 3889.91---> 4143.38
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.