amirhoseinmlh

GOLD mid-term and long-term future

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
Hello my friends
Here I come with analysis of Gold
let's see
well in weakly time frame since 2000 we have a huge wave 1 and then a correction as wave 2 ( and it's so compicated as you see 😂)
and after that since 2018 oct minor wave 1 has begun up to 2075 then its correction began and we're struggling with this .
so if you zoom at this you may realize wave c has one more subwave and reached to major resistance . I expect falling down to targets which I mentioned
1540 is good I think
and after ending of correction , wave 3 will start up to 1.618 of wave 1 (about 3000 $)

so sum it up : mid-term = bearish . long-term = bullish
and by the way , gold falling down puts money to other properties such as BTC 😉

Thanks for your attention
support me with your like and cm
GOOD LUCK


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.