From TradingView · · 30s
Gold Bullish to $4,800
Gold targets $4,800 as market structure shows bullish momentum.
In brief
Gold targets $4,800 as market structure shows bullish momentum. Gold is expected to reach $4,800 based on market structure analysis. Originally reported by TradingView.
Gold Bullish to $4,800
Gold rejected its previous 'Major Wave A' zone, rallying 850 pips from its new 'Wave X' zone.
Market Structure Analysis
The steep correction down manipulated emotional traders to sell at the bottom, with a target of $4,600 confirmed.
Price Targets
If gold closes below $3,943, the longer term target of $3,800 will be reached sooner than expected.
The essence
Gold is expected to reach $4,800 based on market structure analysis.
