GOLD to 4391$ Supercycle Wave 3 before jan 2025

Non log Circle had predicted perfectly our last run to 1920$. GOLD had completed a Cup & Handle pattern (Cycle Wave 4) that started at the end of 2011. Logarithmic Fibonnacci Circle 361.8% (from SuperCycle Wave 1 to Wave 2) had predicted that SuperCycle Wave 3 can go up to 4391$. A breakout of 1920.94$ resistance can push gold for more upside before 2025. On the 3M Chart GOLD took the MA14 which should provide more energy. Also GOLD is currently obtaining Monthly MA's support for a continuation.

7 key reasons why GOLD can continue this wave Cycle wave 5 higher...


1-Inflation

2-Russia mainly sold U.S. Treasury bonds to buy the bullion.

3-American Debt keep growing.

4-Monetary tightening

5-Domestic political gridlock

6-Possible World War 3

7-Rising tensions with China

8-Bad Fed Policies since 2 years

Kommentera:

My Eliott Wave Chart for #GOLD

Handel aktiv:

Short term GOLD price rising quickly but the RSI is not following, we are probably inside a Wave 5