Gold continues its bullish recovery, having completed Wave (4) at the channel low. We're now riding Wave (5) with strong momentum.
🔹 Entry Executed: Entered long at the 0.382 Fibonacci retracement – $3,272.57, a key confluence zone with the EMA and previous structure support.
📈 Bullish Targets:
$3,396.89 (0.27 extension)
$3,463.25 (0.618 extension)
$3,499.84 (1.0 extension / Wave (5) completion)
The move is playing out cleanly, with RSI confirming upside momentum. As long as price holds above the 0.5–0.618 zone, bulls remain in control.
Letting this one breathe — eyes on higher highs. 💰📈
WrightWayInvestments
WrightWayInvestments
WrightWayInvestments
🔹 Entry Executed: Entered long at the 0.382 Fibonacci retracement – $3,272.57, a key confluence zone with the EMA and previous structure support.
📈 Bullish Targets:
$3,396.89 (0.27 extension)
$3,463.25 (0.618 extension)
$3,499.84 (1.0 extension / Wave (5) completion)
The move is playing out cleanly, with RSI confirming upside momentum. As long as price holds above the 0.5–0.618 zone, bulls remain in control.
Letting this one breathe — eyes on higher highs. 💰📈
WrightWayInvestments
WrightWayInvestments
WrightWayInvestments
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Related publications
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.