GOLD: Feb 14, 2024
Analyst: Shane Hua (CEWA-Master Candidate),
Good evening,
Gold reached its peak with wave 2 (Circled) earlier than expected. As a result, the Bear market view has become clear in a broad context. The target for the short-term decline is 1989.2, while the price remains below the 2017.1 level, rising higher shows that wave (4) is ready and could peak at any time and the price action continues falling with wave (5).
Good evening,
Gold reached its peak with wave 2 (Circled) earlier than expected. As a result, the Bear market view has become clear in a broad context. The target for the short-term decline is 1989.2, while the price remains below the 2017.1 level, rising higher shows that wave (4) is ready and could peak at any time and the price action continues falling with wave (5).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.