Gold Is Pointing Back To 2K

Image Source: Pixabay

After a strong and deep decline to 1800 back in February, metal is now once again turning bullish within a five-wave cycle due to uncertainty on a global scale due to bank crisis. We have seen strong and impulsive move towards 2k, where the market slowed down, possibly for a new corrective pullback; ideally, it's wave 4 triangle consolidation that is, so watch out for a continuation higher within wave 5 back to 2k soon.

(Click on image to enlarge)

For a detailed view and for more analysis you can check our recording of the live webinar from April 3rd, 2023 below:

Video Length: 00:45:43

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