From TradingView · · 50s
Gold Bullish Wave 5 Target 4,260
Gold price targets 4,260 as bullish wave five completes.
In brief
Gold price targets 4,260 as bullish wave five completes. Gold may reach 4,260 if buyers hold 4,165, 4,175 support. Originally reported by TradingView.
Gold Bullish Wave 5 Target
Gold price targets 4,260 as bullish wave five completes.
Current Gold Price
Price currently trades around 4,187 with buyers attempting to rebuild momentum above recent retracement zone.
Key Support Zone
Buyers must defend 4,165, 4,175 zone to resume bullish sequence toward 4,200 and 4,217.
Immediate Targets
Breakout above 4,217 could open next expansion toward 4,250, 4,260 Fibonacci target zone.
Bullish Scenario
Entry at 4,165, 4,175 after bullish confirmation with stop loss below 4,142 and take profit at 4,250, 4,260.
Invalidation Point
Sustained break below 4,142 would invalidate bullish wave structure and suggest deeper correction.
The key point
Gold may reach 4,260 if buyers hold 4,165, 4,175 support.
