Gold to 1750? Maybe higher.

Politics play into gold a lot, if there is instrument that likes fundamentals it’s gold. The decoupling of world power economies will play a large factor in the next few years, but although gold will have its fluctuations, price of it should rise significantly. All metals with industrial use will also. Oil products as well. As these economies start to “source” new suppliers.
But for this analysis here, we’ve had 2 solid pushes and could see a 3rd here to complete this EW.
The ABCD correction may be something to watch for as a long term long.

Commentaire:

My chart is messed up, I didn’t get to edit it in time to fix. The green box is a .618 of current impulse. What I’d think is tp1 is 1.27 fib, and tp2 would be 1.618. I like to leave runners.
Not trading advice, just my process of trading and learning.