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Geofftv1
30. Mai 2020 11:23

GOLD - Has the peak occurred? 

OANDA:XAUUSD1W
GoldOANDA

Beschreibung

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Gold has reached the 76.8% FIB correction from the previous peak on diverging momentum since Sept 19.

The current rise could be the last wave of this bull ride?

If there is any more bullish fuel left 1783 may be the max where Y = 200% of W.

Good Luck

Kommentar

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I think Gold has just completed a double zig zag wave 4 and is set to make a new high around 1783.
Trend AnalysisChart PatternsWave Analysis
Kommentare
The_Unwind
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We live in a very dangerous world.
I think it is premature to count gold out prematurely.
In this 2020 world, extreme upheaval and danger crosses the globe at the speed of sound.
As you also know, I have respect for your work.
Geofftv1
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@The_Unwind, agreed, which is why my title of this idea is as written.

Cheers from a very sunny Scotland.
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