Gold Elliott wave analysis - 5th wave extension.
Gold looks to be forming subwave 3 of Primary degree wave 3 (blue) with a potential ending diagonal in progress for wave 5 of subwave 3. This could be confirmed at lower time frames.
On this scale, the macro count suggests plenty more upside for Gold, with upper targets around $3300.
However, as this appears to be a 5th wave extension, it's possible there are even higher targets at around the $4900 level.
On this scale, the macro count suggests plenty more upside for Gold, with upper targets around $3300.
However, as this appears to be a 5th wave extension, it's possible there are even higher targets at around the $4900 level.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.