Gold long term analysis, will it reach the 5000 level ?
Updated
Gold is safe haven during political, war, and economic crises
What will happen after level 2075, which is the highest historical?
I used the Fibonacci extension to show us the future levels
to activate this analysis a daily candle must close above 2080, make a new higher, and retest 2075 levels
the levels Drawn in the green line above 2075
What will happen after level 2075, which is the highest historical?
I used the Fibonacci extension to show us the future levels
to activate this analysis a daily candle must close above 2080, make a new higher, and retest 2075 levels
the levels Drawn in the green line above 2075
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a Fibonacci drawing from the last low on 2/28/023 at the price of 1804.97 to the highest peak on the date of 3/5/023 at the price of 2082.5, the 61.8 Fibonacci level will be at the price of 1910.99, the price of gold now is 1906 1- The upward trend is the closing candle of the day above 1911, which is Also, the moving average is 200, the first target is 1943, the second is 1979, the third is 2018, and the fourth is 2050 2- The bearish trend is breaking 1884, and the closing candle on the day of the target is 1856, and the third is 1809
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