In my view, gold is forming a corrective ABCDE triangle with an expected breakout to the upside🚀
At the moment, wave C is either still developing or it is almost completed, and wave D may soon begin. I marked these two scenarios with orange🟠and purple🟣 arrows respectively.
However, I also do not rule out the possibility that this structure may turn out to be a flat ABC correction rather than a triangle, as I currently expect.
In that case, price should first move according to the orange scenario.
After the correction completes, I expect price to follow the green path, taking gold above its recent all-time high🌱
And between us — I personally expect gold to eventually reach above 8000 😱
But for now, let’s patiently wait for this current structure to finish forming.
💬Share your thoughts in the comments:
Do you think wave C is already complete, or will gold dip lower according to the orange path?
I’m curious to hear your view.
At the moment, wave C is either still developing or it is almost completed, and wave D may soon begin. I marked these two scenarios with orange🟠and purple🟣 arrows respectively.
However, I also do not rule out the possibility that this structure may turn out to be a flat ABC correction rather than a triangle, as I currently expect.
In that case, price should first move according to the orange scenario.
After the correction completes, I expect price to follow the green path, taking gold above its recent all-time high🌱
And between us — I personally expect gold to eventually reach above 8000 😱
But for now, let’s patiently wait for this current structure to finish forming.
💬Share your thoughts in the comments:
Do you think wave C is already complete, or will gold dip lower according to the orange path?
I’m curious to hear your view.
6+ years in trading. I read the charts like stories and share the ones worth telling
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6+ years in trading. I read the charts like stories and share the ones worth telling
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。