Or / Dollar AméricainMis à jour GOLD
In this monthly chart I see a potential corrective abc formation that - for the blue c, most likely could reach 1.618% ($1430.81) of the blue a, but I've placed the target a bit lower @1412.30, which won't be reached until next year.
As can be seen from the chart, before the mentioned target, the red (b) should be headed for, which could also be the annual high for 2023.
Remark
I emphasize that with the high of August 2020 I have defined the completed 1-5 superordinate waves and accordingly I have placed the red arrow (right) indicating that if next year $1412.30 breaks down (monthly candle closes below), much lower rates will be the natural result.
If, contrary to expectations, there is a direct rise above $1974.40 on a monthly basis next year, then I will have to redefine the situation.
As can be seen from the chart, before the mentioned target, the red (b) should be headed for, which could also be the annual high for 2023.
Remark
I emphasize that with the high of August 2020 I have defined the completed 1-5 superordinate waves and accordingly I have placed the red arrow (right) indicating that if next year $1412.30 breaks down (monthly candle closes below), much lower rates will be the natural result.
If, contrary to expectations, there is a direct rise above $1974.40 on a monthly basis next year, then I will have to redefine the situation.
Note
BIG PIC
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.