➡️GOLD has started its historical uptrend, as I predicted in my previous analysis. You can see my analysis here, it was very popular (it has 644 likes and 50k views): ➡️I want to provide you an update on GOLD, Right now we can see that the price is inside this ascending blue parallel channel, which is of course very bullish. I predict GOLD to hit the top of the channel within the following days or weeks. This is an 8% profit without leverage if you buy now or wait for a small intraday pullback.
➡️From the Elliott Wave perspective, we are in wave (3) and usually waves 3 are the strongest. Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
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Gold and stock market are very bullish, while Bitcoin and crypto are lagging behind. The relative income and risk-to-reward ratio is generally much higher on gold than on bitcoin.
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I recommend buying now or wait for a small pullback to 2595
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The middle of the parallel channel indeed acts as a strong support/resistance. Will be a good buy in the future.
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