Gold Soon to Make New Highs?
Since the late October to mid – November 2024 decline Gold has gone sideways and could be forming an Elliott wave – Horizontal Triangle.
Within this structure there’s usually a Fibonacci relationship between alternate waves.
In this case wave “D” is close to .618 of wave “B”
Wave “C” is close to .618 of wave “A”.
If the wave count is correct Gold could decline for a few days, then rally to new all-time highs.
Within this structure there’s usually a Fibonacci relationship between alternate waves.
In this case wave “D” is close to .618 of wave “B”
Wave “C” is close to .618 of wave “A”.
If the wave count is correct Gold could decline for a few days, then rally to new all-time highs.
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