Gold - still bullish. Already in wave iii of 5 targeting 3200+ ?

2月3日

Gold is now trading higher than the previous ATH at the end of October 24 and is still within the rising channel.
This might already be subwave iii of 5 targeting the 3200+ area later this year.
That could then mark the end of this bullish trend.

2月8日

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This could already be the end of wave iii of 5 at the 1.618 extension, but I'd prefer the extension to the 3000$ area followed by a 5% correction and a final move to 3200$ for the long term top where I'll consider going short for many years.

2月11日

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almost there, target 299X this week

2月14日

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double top, maybe the end for wave iii of 5

2月24日

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slightly higher but losing steam

3月9日

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wave iv of 5 could be completed and now going for the 3200 area in May/June

3月13日

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this could be wave (3) of v of 5 of (V)

3月14日

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reached the psycological level of 3000$ and printing a doji on the daily:


Could this be the top ? Certainly, but the wave count and MACD suggest there is more upside in these uncertain times.

3月20日

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Seems like wave (3) is completed:

3月22日

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As an alternative, you can count waves (I),(III) and (V) as three wave moves.
This pattern could already be completed:

3月25日

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added the missing fib levels at the top:


really would not surprise me if we are at or close to the very top. These fib retracement levels fit perfectly:

3月28日

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orange was my target for wave 5 = wave 1.

4月1日

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left the channel (since 2023) to the upside, close to the 3200$ target:

4月6日

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If that was the top, this could be the new trend:

4月9日

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5 waves down, 3 waves up for 0.618 retracement. Should go down from here.

4月13日

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Price went further in a channel that has been established a month ago and reached the 3200$ target:


On GLD a perfect daily doji in red has been created:

4月17日

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Went even further in another channel. This should be the top if the wave count is correct

4月22日

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Got another extension, push it to the extreme, out of the green channel, out of the red and now out of orange. Looks like a top to me, but who knows

4月22日

交易结束：到达目标