2075 or 1560
it take entire year for gold to make this elliott wave triangle.
now it is in final wave E of triangle testing upper trend line.
if this is a valid triangle than gold will crash soon with its first tp at 1648 (100% projection)
if this is a fake triangle than it would be confirmed by breakout of upper trend line.
with first target 1960 than 2075 if inflation really get out of control in USA
long on breakout of upper trend line
short as long as price trading below upper trend line on daily chart.
it take entire year for gold to make this elliott wave triangle.
now it is in final wave E of triangle testing upper trend line.
if this is a valid triangle than gold will crash soon with its first tp at 1648 (100% projection)
if this is a fake triangle than it would be confirmed by breakout of upper trend line.
with first target 1960 than 2075 if inflation really get out of control in USA
long on breakout of upper trend line
short as long as price trading below upper trend line on daily chart.
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micro view
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