In my February 11, 2025 post (You can see that post by clicking here) led for a rally towards 3,100 as the possible to for wave 5. Well we saw gold spike right through resistance towards a peak at 3,500 and since then gold has traded sideways in a wave iv triangle formation.
This triangle formation could be close to completion for the next spike higher towards 3,674 and maybe even higher, but be aware that triangles is a warning that the next move in the direction of the underlying trend will be the final and a larger correction will follow.
That said, for now we should look for signs that wave iv of 5 has completed and a break above minor resistance at 3,409 will be a strong indication that wave v of 5 is unfolding.
In the unlikely event a break below support at 3,321 is seen, the triangle will drag out in time and a more prolonged triangle is unfolding, but ultimately one more rally higher should be expected.
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