Here is my perspective for the year 2023. Current price is 1925 & here I expect a change in the trend to turn bearish for the rest of the year. We may see some consolidation around 1550s before a trend continuation into low 1300s during early 2024
Here we a potential buy at 1778 with a target of 1830 - 1837, stop loss below the low of 1773
We are looking for a bullish trend continuation from the .618 zone in the green box. Targeting the 1.618 extension & Daily time frame 50% confluence within the 1830's
We are now at the top of the cycle that has completed, from here price should make a correction back to the previous monthly support levels. This is a natural market cycle that is inevitable as of right now in my opinion. I expect price to trend down for the first half of 2022 & may have a bounce in the zone once we near 2800 on the S&P. All indices will tank...
Buy setup today on Gold, we are looking for price to bounce at 1789 and retrace into 1810-1813.
As long as the C wave is holding and price does not close below the previous low this set up will be valid. Once price has retested this zone and trends upwards, then our target is the previous point of control around 1813. Our stop is tight as NFP is today and is...
Potential buy of the C wave near the .618% @ $1770, from there price will expand into the 1.618% @ $1824. In this zone there is confluence at 50% of the macro wave @ $1820.
Once price starts to close above the overall macro POC of $1784, we could see price start to trend towards the target.
Entry in 1770's are safe as long as the C wave is still valid.
We are looking to BUY wave 4 at 1770.5 with an extension target near 1820. Potentially price will retrace from the zone there, creating a right shoulder for the next bullish scenario.
SL below wave 1 low around 1760
We will are looking for a pull back into the 1800$ zone where there is 61.8% confluence. Expect price to expand into the New Year
Happy Holidays everyone, another year come and gone & has it been interesting one for sure.
Next year will we see a new all time high for Gold? For now the 2000 zone is the plan. Best buying opportunity is to stack your orders...
Here is a setup for a buy from 1800 zone at the .618 then price will expand into the 1.5 - 1.618
TP 1 is 1850 which is the target into previous resistance on the left
TP 2 is the extension target at 1881
SL is below previous low around 1790
Another rally is among us. Here is a potiential setup for Gold to rally into 2100.. We are looking for a retest on lower trendline that would align with .38 fib around 1780, then should extend into 2100 from there