5th wave ending diag into c targetting 2310 max in this scenario. B would be very short but possible
update on ending diag 2300 area is mas in this scenario. We have divergence and expect 2110 at leat to be tested possible 2075 which is new support
bullish scenario which gives some high targets gold does like extending 5th. Although difficult i can see some impulsive counts. Although ending diagnonal is their over 2300 would see this count valid
bullish scenario. Seen on weekly candles. Which gives a target of 2600 thats both scenarios now covered. A test of 2075 before new highs. Below 1984 invalidates this count
renko is nice and gives bullish scenario which some of my bullish friends will like. A clear 5 wave 1 2 with a leading 1 2 inside a possible wave 3 that gives targets of 3k
5th wave of wave A complete into wave b which projects a possible 2210 area. But can get to 2075. before wave c of wave 5 around 2300. Pa after this will show either ending or leading. Only way to confirm this bull end id under 1615
end for gold? i fear it could be 2300 the new top. We could be heading into a bear market. Top of decades long trend line. Currently in an ending diagonal. possible 5th wave to 2250 ish before a drop to 2100 and toping at 2300. Low of 21-2075 will come best dip to buy imo. Short term tricky we may head to 2100 or push 2250 first as we have hidden divergence.
simplest option for gold retest 2075 before heading to tl at 2300 cant be ruled out
Another alternative worth watching whole 3 wave move is only wave 1
wave 4 abcde looks good hidden divergences. Target is difficult but at new high 2213-2247 area. Interesting see this play as few scenarios possible
seems we are in wave 4 of c of wave 3. abcde in flag target is possibly 2247 at least a new high to be tested. before a drop t0 test 1980. with an eventual test of long time tl at 2370. Question will then be answered if leading or ending
significant tl at 2400 area upside here is 2230-50 max before testing 1980 possibly 1920. Seems more likely this is ending. Major question is ending or leading, given state of economies gold should head to 3k but w will have to watch pa
At resistance a break out above would be v bullish. However some bearish divergence on 4hr. Not much space before we see direction
2200 coming seems this maybe wave c of wave 3 why not seeing another leg before hitting 2200. retrace level likely 50% max testing 2075
With break out saw a 50% retrace of wave 3 possibly into wave 5 that can target 2200. Bullish scenario bearish one that can see 1920 first. However bo with nice volume. The bigger question is leading or ending ?
shorter term trade looking like a nice drop get dips for longer term
Possible leading but could be ending to! but looks very lucky
Possible wave 4 is only half done and we are into a second corrective structure which may take the year