Similar to silver gold also appears to be in a lifetime diagonal. The 76.4% fib retracement from Wave I (1980 high) to Wave II (2000 low) is amazingly close to the actual low that was reached. I also believe Gold is well within Wave III, specifically Primary 3 of Cycle III targeting ~3k before the next major corrective wave.
Looks like you're ignoring the fundamentals of the market, the USD surging and cash rates are rising across the globe. I think we will see a dip to 1600 before the next leg up.
hypersonic78
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@jakec90 thanks for the comment! so yes in EW technical analysis we totally ignore "Fundamentals".