Gold looks like it has formed a triple fifth formation pattern where we expect a long and strong bullish breakout, price is expected to rise rapidly from this point and up to 4,000-5,000 range. Keep in mind that this wave is counted as the fifth of the fifth and it may be enlarged in a bullish run to abnormal scales. Divergences are confirmed in all timeframes for myself, but you may notice two more significant divergences on the chart as well.
From my view, this run is the last before succumbing to death and going back down to prices that are un-real for gold, but that's for when I get old myself!
Good luck traders!
From my view, this run is the last before succumbing to death and going back down to prices that are un-real for gold, but that's for when I get old myself!
Good luck traders!
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