Gold - still bullish. Already in wave iii of 5 targeting 3200+ ?

3 lut

Gold is now trading higher than the previous ATH at the end of October 24 and is still within the rising channel.
This might already be subwave iii of 5 targeting the 3200+ area later this year.
That could then mark the end of this bullish trend.

8 lut

Uwaga

This could already be the end of wave iii of 5 at the 1.618 extension, but I'd prefer the extension to the 3000$ area followed by a 5% correction and a final move to 3200$ for the long term top where I'll consider going short for many years.

11 lut

Uwaga

almost there, target 299X this week

14 lut

Uwaga

double top, maybe the end for wave iii of 5

24 lut

Uwaga

slightly higher but losing steam

9 mar

Uwaga

wave iv of 5 could be completed and now going for the 3200 area in May/June

13 mar

Uwaga

this could be wave (3) of v of 5 of (V)

14 mar

Uwaga

reached the psycological level of 3000$ and printing a doji on the daily:


Could this be the top ? Certainly, but the wave count and MACD suggest there is more upside in these uncertain times.

20 mar

Uwaga

Seems like wave (3) is completed:

22 mar

Uwaga

As an alternative, you can count waves (I),(III) and (V) as three wave moves.
This pattern could already be completed:

25 mar

Uwaga

added the missing fib levels at the top:


really would not surprise me if we are at or close to the very top. These fib retracement levels fit perfectly:

28 mar

Uwaga

orange was my target for wave 5 = wave 1.

1 kwi

Uwaga

left the channel (since 2023) to the upside, close to the 3200$ target:

6 kwi

Uwaga

If that was the top, this could be the new trend:

9 kwi

Uwaga

5 waves down, 3 waves up for 0.618 retracement. Should go down from here.

13 kwi

Uwaga

Price went further in a channel that has been established a month ago and reached the 3200$ target:


On GLD a perfect daily doji in red has been created:

17 kwi

Uwaga

Went even further in another channel. This should be the top if the wave count is correct

22 kwi

Uwaga

Got another extension, push it to the extreme, out of the green channel, out of the red and now out of orange. Looks like a top to me, but who knows

22 kwi

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