Here is my updated long-term trading idea for gold, time frame 1 month.
At the maximum in 2025, I expect to see a final decline to the level of 1533$ in wave-E of the expanding triangle ABCDE at the minute wave level, after which a reversal and a long upward trend to the price zone of 5335 - 7491$ per ounce of gold. I'm thinking of buying gold at about 1500$ per ounce, this will be the last opportunity to buy so cheap!
At the peak of the cycle by 2035, gold will cost about 10 000$ per ounce and have a market capitalization of more than $60 trillion.
❌ Invalidation level - 1046$
⚠️ As always, I wish you good luck in making independent trading decisions and profit ✊