GOLD WILL SEE ONE MORE STRONG SHAKEOUT BEFORE THE NEXT ALL-TIME HIGH‼️‼️
A clear structure is emerging on the weekly chart.
Gold lost support around $3,900, while the descending resistance line continues to cap the recovery.
First, I expect another move up, possibly to $4,250, followed by another decline.
My main target for forming the final bottom is $3,300–$3,500.
I expect buyers to start stepping in within this zone, triggering a powerful reversal.
Once gold breaks above the descending resistance line, the next major targets will be $5,000, followed by a new all-time high around $6,000.
I’m not claiming that the gold bull market is over.
$XAUT l $BTC l $ETH
A clear structure is emerging on the weekly chart.
Gold lost support around $3,900, while the descending resistance line continues to cap the recovery.
First, I expect another move up, possibly to $4,250, followed by another decline.
My main target for forming the final bottom is $3,300–$3,500.
I expect buyers to start stepping in within this zone, triggering a powerful reversal.
Once gold breaks above the descending resistance line, the next major targets will be $5,000, followed by a new all-time high around $6,000.
I’m not claiming that the gold bull market is over.
$XAUT l $BTC l $ETH
