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

2月3日

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.

2月8日

註釋

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.

2月11日

註釋

almost there, target 299X this week

2月14日

註釋

double top, maybe the end for wave iii of 5

2月24日

註釋

slightly higher but losing steam

3月9日

註釋

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

3月13日

註釋

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

3月14日

註釋

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.

3月20日

註釋

Seems like wave (3) is completed:

3月22日

註釋

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

3月25日

註釋

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:

3月28日

註釋

orange was my target for wave 5 = wave 1.

4月1日

註釋

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

4月6日

註釋

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

4月9日

註釋

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

4月13日

註釋

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:

4月17日

註釋

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

4月22日

註釋

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

4月22日

交易結束：目標達成