GOLD - Could Hit $1K In 2027

This is definitely my most bearish thread against the grain so let me explain.

I've been working on a method using elliott wave with fibonacci price and time projections. I'm sure this is not unique but I don't know anyone using the trend based time method I am using and I have backtested it, also with GOLD and it is accurate.

I like to be the early bird and get a prediction in. Who knows, maybe in years down the road I can say I was the first to call this, but its a long road.

There is no bias here. I do not hate GOLD. I am aware of fragility in currencies.

And this is my second GOLD projection. The first is the easier of the two - a standard ABC correction taking price to $1500-$1600 area from which GOLD can begin a new bullish rally.

But price does look very bearish here. Domed tops with no momentum do seem to lead to devastating bear markets.

So this is scenario 2 - Proregressive collapse: Rather than an impulse A and corrective B, price could have completed a Primary Wave 1 and 2. I am marginally siding with this outcome currently. If price continues to collapse in rapid fashion with little bounce then I will lean even more towards this scenario.

If price is becoming motive then I project GOLD will collapse to around $1100 in 2027. That said, there is resistance turned support at $1k and if wave 3 can overshoot a little, price could go deeper and tag support, perhaps even temporarily hit 3 digits.

Not advice.

Comment:

Please note: This is a speculative call. DYOR.