Gold Futures are following the projected path closely
The first target at $3,900 is now just "miles" away
This level could mark the top of wave (3) of ((5))
After that, we might see a pullback to around $3,660 in wave (4) of ((5)),
which typically revisits the low of the smaller wave 4
On the 4-hour chart, RSI shows bearish divergence,
as it fails to confirm the new high at $3,859 with a lower peak
Despite this signal, the market could still reach the $3,900 level
Once wave (4) of ((5)) completes,
we can reassess and project wave (5) of ((5)) —
which might form as a triangle or another complex correction.
The first target at $3,900 is now just "miles" away
This level could mark the top of wave (3) of ((5))
After that, we might see a pullback to around $3,660 in wave (4) of ((5)),
which typically revisits the low of the smaller wave 4
On the 4-hour chart, RSI shows bearish divergence,
as it fails to confirm the new high at $3,859 with a lower peak
Despite this signal, the market could still reach the $3,900 level
Once wave (4) of ((5)) completes,
we can reassess and project wave (5) of ((5)) —
which might form as a triangle or another complex correction.
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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.
Related publications
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.