Gold - still bullish. Already in wave iii of 5 targeting 3200+ ?

3 thg 2

Gold is now trading higher than the previous ATH at the end of October 24 and is still within the rising channel.
This might already be subwave iii of 5 targeting the 3200+ area later this year.
That could then mark the end of this bullish trend.

8 thg 2

Ghi chú

This could already be the end of wave iii of 5 at the 1.618 extension, but I'd prefer the extension to the 3000$ area followed by a 5% correction and a final move to 3200$ for the long term top where I'll consider going short for many years.

11 thg 2

Ghi chú

almost there, target 299X this week

14 thg 2

Ghi chú

double top, maybe the end for wave iii of 5

24 thg 2

Ghi chú

slightly higher but losing steam

9 thg 3

Ghi chú

wave iv of 5 could be completed and now going for the 3200 area in May/June

13 thg 3

Ghi chú

this could be wave (3) of v of 5 of (V)

14 thg 3

Ghi chú

reached the psycological level of 3000$ and printing a doji on the daily:


Could this be the top ? Certainly, but the wave count and MACD suggest there is more upside in these uncertain times.

20 thg 3

Ghi chú

Seems like wave (3) is completed:

22 thg 3

Ghi chú

As an alternative, you can count waves (I),(III) and (V) as three wave moves.
This pattern could already be completed:

25 thg 3

Ghi chú

added the missing fib levels at the top:


really would not surprise me if we are at or close to the very top. These fib retracement levels fit perfectly:

28 thg 3

Ghi chú

orange was my target for wave 5 = wave 1.

1 thg 4

Ghi chú

left the channel (since 2023) to the upside, close to the 3200$ target:

6 thg 4

Ghi chú

If that was the top, this could be the new trend:

9 thg 4

Ghi chú

5 waves down, 3 waves up for 0.618 retracement. Should go down from here.

13 thg 4

Ghi chú

Price went further in a channel that has been established a month ago and reached the 3200$ target:


On GLD a perfect daily doji in red has been created:

17 thg 4

Ghi chú

Went even further in another channel. This should be the top if the wave count is correct

22 thg 4

Ghi chú

Got another extension, push it to the extreme, out of the green channel, out of the red and now out of orange. Looks like a top to me, but who knows

22 thg 4

Đóng lệnh: đạt mục tiêu