markethunter888

Elliot Wave Analysis : Gold is in wave 5 explosive phase

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
I have shown the Elliot Wave setup for Gold and how its recently completed wave 4 in March. Wave 5 has most likely begun is typically the most explosive part of a bull market.

A reasonable target is ~2400 by the end of October 2021 which will probably be followed by a multi month correction in 2022.

Thank you

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.