mike-b

mike-b

In my view, gold is likely to move toward 3111 in the medium term. On the 30-minute timeframe, it appears poised for a potential decline from the 3344 zone, targeting the 3247 level.

mike-b Updated 

In the daily timeframe, I think global gold will touch the 3085 range, then decline to 2760, then re-enter the rising phase and reach a new target and peak of $4400.

mike-b

It seems that global gold has entered a complex corrective wave, and both in terms of time and price, we should wait for the waves to fully develop and complete their patterns, reaching the end of wave 4. After that, it would be possible to enter a buy position targeting the levels specified on the chart.

mike-b

"It’s clear that this stock is currently in a strong upward wave and could advance toward wave 5 of 3, targeting the $1,090–$1,350 range. After reaching this zone, it may enter a corrective phase as wave 4, which could bring a pullback to the $150–$250 range. Following that, the stock is expected to resume its main wave 5 rally, with targets between $5,000 and $7,200."

mike-b

Based on previous analyses, I had considered the potential for gold to rise to the 3035-3083 range. At the moment, it seems poised to climb towards **3045** as the main upward wave, followed by a corrective move towards **3083**.

mike-b

In the 4-hour timeframe, the completed second and third waves are clearly visible, and in the near future, we could see a potential significant drop.

mike-b

I’ve analyzed the 4-hour timeframe alongside the weekly and daily charts. Based on the resistance levels, I believe 3085 is the maximum target for this upward move. After that, I expect a price drop toward 2760. For now, this is my outlook, and I’ll update my analysis once these waves play out.

mike-b

I think global gold is currently touching the target that was mentioned several months ago, which is 2997, but the main resistance could be 3085, from which we can imagine a decline towards 2760. On a monthly time frame, there is a vague target that shows the number $6000, and most likely, if it happens correctly, we can see this happening in late 2029.

mike-b

To me it could fall from this price to 136.36and then, after a correction, fall back to its second support line.

mike-b

It looks like it will experience a nice uptrend in the medium term and rise to the resistance levels shown in the picture.

mike-b

EURO/USD is also in a downtrend and after Some Range waves, it could make a sharp decline towards the support levels shown in the picture.

mike-b

In my opinion, gold can create a new upward wave from this range towards 2835 and a new peak can be made.

mike-b

It seems that the corrective wave of wave 4 of 3 is over and an upward trend can be made towards the target of 2660-2560. After that, it will again enter a time price correction and then in the future it can move towards the final target of $3000.

mike-b Updated 

Seems it needs more time it springto be sqeezed till 16-18$ and will bump up toward 56-59 as a first target

mike-b

In the previous analysis, it was also mentioned the growth of gold, which reached 2195 from 2033, now it needs a minor correction, which can correct up to 2125 and then go up to the next main targets, i.e. 2485 and 2695. There, the chart should be checked again. but I considered the possibility of a decline, after which it will touch the main and final target of $3,000

mike-b Updated 

NEAR can happen in two ways, because the previous increasing wave was 3 waves, probably the third wave of 3 or 5 waves can happen. The targets of this growth are also specified in the chart.

mike-b Updated 

the gold is currently in the third wave of the pattern and it is likely that it can move towards the targets specified in the chart. A buying support range has also been specified.

mike-b

Cardano is executing the third wave of pattern N, which can advance to the end of the channel