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

٣ فبراير

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.

٨ فبراير

ملاحظة

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.

١١ فبراير

ملاحظة

almost there, target 299X this week

١٤ فبراير

ملاحظة

double top, maybe the end for wave iii of 5

٢٤ فبراير

ملاحظة

slightly higher but losing steam

٩ مارس

ملاحظة

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

١٣ مارس

ملاحظة

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

١٤ مارس

ملاحظة

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.

٢٠ مارس

ملاحظة

Seems like wave (3) is completed:

٢٢ مارس

ملاحظة

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

٢٥ مارس

ملاحظة

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:

٢٨ مارس

ملاحظة

orange was my target for wave 5 = wave 1.

١ أبريل

ملاحظة

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

٦ أبريل

ملاحظة

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

٩ أبريل

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

١٣ أبريل

ملاحظة

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:

١٧ أبريل

ملاحظة

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

٢٢ أبريل

ملاحظة

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

٢٢ أبريل

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