dRends35

GOLD - Heading For $3.5K ? 🤯

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
GOLD breaking out from contracting triangle that appears to be a fairly clean double 3 - primary wave 4 to now take GOLD in a fifth wave up to 1:1 target $3.5K.

The leg up from Dec '15 to Aug '20 I think was a 1-2, i-ii to overshoot 1.618 fibs and complete the primary wave 3.

From there ABC zig-zag found support on the bullish 0.382 retracement which then formed a WXY to break up from the triangle and the wave 5 has begun - I think.

Not advice.


Next video Saturday 22 June😼.

Hodlers assume an obvious next wave up but will there be a sting in the tail💀.

Deep analysis - I keep the juicy details for my clients.

Telegram Group: $50 per month 👍🏻.

Contact: t.me/dRends35
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.