Just an update and idea of possible direction. I suspect a test of 1920 area before some consolidation and bull run
Sow process now seeing where wave 5 of ends theoretically as low as 1626 if 1670 is to be broken so far given the volume it is been bought. Still, a few numpties think this is a start of a bear market lol you can be assured they are shaking weak hands within a flat correction a new high is due within the next 2 years. The nearer we get to 1620 area the less risk...
A liitle set up for anyone who wants a good set up keep tight sl below 1670
another view gets those dips I am more long-term but any trade should have sl strategically set as it can go to 1620 although unlikely!
seems still within a corrective c wave interesting to see where it ends theoretically 1620 can be touched but buying these dips is a no brainer ;)
Quite simple same plan hold or buy the dips and enjoy the eventual rise :)
let's stick with the shorter-term target of 2500 which should be reached by 2023 and 2400 this year may-july time. Get the dips :)
Still, tor between the targets of wave 5 extension given cycle and grand cycle 5th waves are coming to an end. And whether the grand cycle degree will extend which would give a target of 4k. At the cycle level, we have a target of 3300 and this seems more fitting especially in terms of the trend channel. Then there is the element of time 5th can be v quick and...
gold extension possibility for count areas to look for 3300 and 4k. These extensions can be quite quick! and 1.618 extensions of the 0-3 however we have a grand cycle 5th also! that gives 4000 should be an interesting one. Bull in for a good few years!
Clearer view of remaining cycle that could go into 2024 latest all extended waves as often the case in commodities
So dont believe when i was been conservative with 2500!! well here is the real target as such waiting for pa to confirm series of wave 5 extensions have started and in truth it can go higher!
just as alternative bearish scenario that i am sure bears are looking at..
Ending cycle count timing maybe shorter into 2023 but can go to 2024
pattern trade dragon simple pattern that works very well havent seen or traded for a few years target is minimum of 2070 and likely higher
second alternative within possible larger 1 2 base count.... so many scenarios we cannot know 100% only the targets. This in this case see 1877 ish as another low that cannot be ruled out. The resounding plan is to buy dips
Another alternative count, must be said these are possible scenarios and not 100% it will follow the target remains at least 2500 with a possibility of more. How we get there is multiple scenarios. This one is very much similar to the covid break out and would take many surprise be aware.
possible scenario same target going back years enjoy gold bull :)