Derick-VT

Derick-VT

Gold is currently riding a strong wave structure, aligning with a clear 5-wave impulsive move upward. We’re nearing the completion of Wave 5, with resistance projected around the 0.786 $2764 and 0.886 $2761 Fibonacci retracement levels. From there, I anticipate a corrective ABC pattern to unfold. Wave A could target the $2,664–$2,634 range 50%-38.2% retracement...

Derick-VT

XAUUSD Long-Term Forecast Gold (XAUUSD) is testing the upper boundary of a strong ascending channel, reflecting its long-term bullish momentum. Based on Fibonacci extensions, I see a potential pullback toward key levels like $2,315 or $2,100, where strong support from the volume profile lies. However, I expect the price to eventually break out of this channel...