Gold continues its march higher.
There appears to be a triangle formation from April 2025 to July 2025 labeled A-B-C-D-E.
We know from our Elliott wave studies that triangles appear at certain places within the larger wave count. Triangles, in most situations, are the 2nd to last wave of the sequence.
In the case for gold, this implies the rally is the final wave of a larger bullish sequence.
There are a cluster of wave relationships appearing near $3,680. This might provide the end to a wave 3. Once those 5-waves count off to the upside, the risk of another bearish or sideways pattern increases.
There appears to be a triangle formation from April 2025 to July 2025 labeled A-B-C-D-E.
We know from our Elliott wave studies that triangles appear at certain places within the larger wave count. Triangles, in most situations, are the 2nd to last wave of the sequence.
In the case for gold, this implies the rally is the final wave of a larger bullish sequence.
There are a cluster of wave relationships appearing near $3,680. This might provide the end to a wave 3. Once those 5-waves count off to the upside, the risk of another bearish or sideways pattern increases.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.