Gold will continue to break through all-time highs
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https://www.tradingview.com/x/YRsAnj19/
Hello everyone. We can see that 2335 was a suppression point for gold in the early stage. After breaking through 2335 last week, it changed from suppression to support.
This week I tested the support here at 2335 many times, but failed to fall.
From the wave shape analysis, we can also see that gold is currently out of the fifth wave of gains.
The top of the previous wave was at 2335, and the callback trend of the fourth wave was from 2378 to 2335.
If the fourth wave does not break the top of one wave, then it proves that there will be a fifth wave of rise later.
I have also drawn it in the picture. Once it is said that it will stand firm at 2360-65, then it will directly test the 618 position and the previous high of 2400.
Once it effectively stands firm at 2380, the market outlook will go directly to the 100% position near 2400.
At the same time, I have been buying gold today when gold fell back and broke through resistance 2355-2360.
Hello everyone. We can see that 2335 was a suppression point for gold in the early stage. After breaking through 2335 last week, it changed from suppression to support.
This week I tested the support here at 2335 many times, but failed to fall.
From the wave shape analysis, we can also see that gold is currently out of the fifth wave of gains.
The top of the previous wave was at 2335, and the callback trend of the fourth wave was from 2378 to 2335.
If the fourth wave does not break the top of one wave, then it proves that there will be a fifth wave of rise later.
I have also drawn it in the picture. Once it is said that it will stand firm at 2360-65, then it will directly test the 618 position and the previous high of 2400.
Once it effectively stands firm at 2380, the market outlook will go directly to the 100% position near 2400.
At the same time, I have been buying gold today when gold fell back and broke through resistance 2355-2360.
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