Gold Anticipated Happned

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 Gold anticipated on 14th Oct 2023


Gold happened on 28th Nov 2023


Analysis


In my prior article, I noted that "Gold prices have the potential to climb higher and may reach the $2025-2030 range in the short to medium term."

The yellow metal indeed surged towards $2150 levels, surpassing my projected range of $2025-2030 when it was initially trading at $1933 - the anticipated outcome.

To read my previous article on Gold, click on the link below

https://www.marketanalysiswithmeghmody.com/2023/10/gold-and-elliott-wave-counts.html

Presently, prices are following a flat pattern, having completed wave a of wave b, and this wave b is identified as a flat. The next movement could reach a minimum of 80%, translating to $2090 levels, or it might extend to $2150 levels or beyond. Clear-cut indications point towards prices fluctuating within the $2100-2150 range. Currently, prices are recorded at $2053 levels.

To sum up, Gold prices display a positive outlook and are expected to fluctuate in the range of $2100-2150 levels in the short term.

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Comments

Cara said…
Great post, thanks.
9 October 2024 at 11:47
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