🏆 GOLD – 15th week of the base cycle (15-20+ weeks). A very mature cycle with a bearish setup on the daily chart. The new high on the February 11 pivot forecast has held for a week. Based on cycle timing, this pivot forecast may mark the top of the current base cycle. However, strong support remains at the October 28 extreme forecast level (2850-2830 on the current futures contract). Additional support comes from the broken double top at the retrograde Mercury level from November 25 (2780 on the current futures contract).
⚠️ Next pivot forecast: February 24. Next extreme forecast: March 3 – the beginning of the retrograde Venus period, which I mentioned in early December. I cautiously assume that March 3 may mark the start of a new base cycle for gold from one of the support levels mentioned above.
⚠️ Next pivot forecast: February 24. Next extreme forecast: March 3 – the beginning of the retrograde Venus period, which I mentioned in early December. I cautiously assume that March 3 may mark the start of a new base cycle for gold from one of the support levels mentioned above.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.