GOLD
Updated
Gold has been in the range between $ 1761.94 and 1808.86 for the last 3 weeks and it is likely that it will remain in this range for the next 2-3 weeks.
As shown in the chart, I expect the white b in January and then rising throughout the first quarter of '22, which should end the green B.
As for the green B, I have assumed there will not be a weekly closing price above $ 1968 by the end of April, and if that assumption is confirmed then the price should remain bearish until the end of next year.
If we see that the turquoise, superordinate wave IV has been completed, or there is no weekly closing price below $ 1450, then nothing would stand in the way of the bullish turquoise wave 5 (lasting at least until the last quarter of 2025 - first target $ 2825 and higher).
As shown in the chart, I expect the white b in January and then rising throughout the first quarter of '22, which should end the green B.
As for the green B, I have assumed there will not be a weekly closing price above $ 1968 by the end of April, and if that assumption is confirmed then the price should remain bearish until the end of next year.
If we see that the turquoise, superordinate wave IV has been completed, or there is no weekly closing price below $ 1450, then nothing would stand in the way of the bullish turquoise wave 5 (lasting at least until the last quarter of 2025 - first target $ 2825 and higher).
Note
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