07-12-2022
The gold price under the current assumption is likely to complete the development of the first pattern in the form of a 5-3 formation down as part of the impulse wave of decline, which is the final part of the assumed plane.
If the current assumption continues to receive support, then, after a slight upward pullback, we should expect a continuation of the price decline.
06-12-2022
The gold price under the current assumption is likely to complete the development of the first pattern in the form of a 5-3 formation down as part of the impulse wave of decline, which is the final part of the assumed plane.
If the current assumption continues to receive support, then, after a slight upward pullback, we should expect a continuation of the price decline.
29-11-2022
The gold price has updated the local maximum in minor degrees, thereby fulfilling the minimum conditions for completing the correction, but despite this fact, most likely the local correction continues its development.
That is, although the price decline can begin almost at any moment, nevertheless, updating the maximum at lower degrees will become a more acceptable sign for the start of the final price movement downwards as part of the completion of the first pattern in the form of a 5-3 formation up by a degree older.
24-11-2022
The gold price has updated the local minimum at the lower degrees, and it is possible that the development of the impulse part of the expected downward correction has been completed.
If the current assumption continues to receive support, then after a slight upward pullback, we should expect a resumption of the price decline and the formation of a new local minimum.
23-11-2022
The gold price continues its local downward pullback, and although there is still a possibility of updating the local maximum, it is still possible to consider a scenario according to which the current decline is a correction as part of the first pattern in the form of a 5-3 formation up.
If the current assumption continues to receive support, then in the near future we should expect a local downward movement of the price, although it should be understood that at the initial stage, the form and depth of the correction is almost impossible to predict.
22-11-2022
The gold price continues its local downward pullback, and although there is still a possibility of updating the local maximum, it is still worth continuing to consider the option according to which the upward momentum has already taken a completed form, and the current decline is a correction to it.
If the current assumption continues to receive support, then we should expect a local downward price movement in the near future, although it should be understood that at the initial stage, the form and depth of the correction is almost impossible to predict.
21-11-2022
The gold price continues its local downward pullback, and although there is still a possibility of updating the local maximum, it is still worth considering the option according to which the upward momentum has already taken a completed form, and the current decline is a correction to it.
If the current assumption continues to receive support, then we should expect a local price movement down in the near future.
17-11-2022
The gold price has performed a local pullback down, and it is still possible that the current growth is an impulse part of the medium-term pattern in the form of a 5-3 formation up.
If the current assumption is supported, then in the near future the price of gold will continue to grow locally, which will be accompanied by minor, corrective pullbacks down.
It is also worth understanding that with a slight stretch, the impulse part of the first pattern in the form of a 5-3 formation up could already take a completed form, so the local downward movement may be more protracted and deeper.
16-11-2022
The gold price continues its local upward movement, and it is still possible that the current growth is an impulse part of the medium-term pattern in the form of a 5-3 formation up.
If the current assumption is supported, then in the near future the price of gold will continue to grow locally, which will be accompanied by minor, corrective pullbacks down.
15-11-2022
The gold price confidently continued to move up, and within the adjusted scenario on the charts of higher degrees, it is likely that the current growth is an impulse part of the medium-term pattern in the form of a 5-3 formation up.
If the current assumption is supported, then in the near future the price of gold will continue to grow locally, which will be accompanied by minor, corrective pullbacks down.
10-11-2022
The gold price, after updating the local maximum, is trying to perform a downward reversal, and although there is still a possibility of updating the local maximum, it is still possible that the development of the first pattern has begun in the form of a 5-3 formation down at lower degrees.
If the current assumption is supported, then after the completion of this pattern, we should expect a resumption of the local downward trend.
Also, it is still worth understanding that the height of the last growth is very alarming, since the continuation of price growth is likely to indicate a resumption of the global upward trend.
09-11-2022
The gold price has made a confident upward movement and, unfortunately, the proximity of the local maximum is already beginning to be very alarming, since updating this maximum can change the structure of the entire price decline from the absolute maximum.
But, while the price is below the local maximum, there is still potential for the implementation of the option according to which the global trend will resume after the 2022 minimum is updated.
08-11-2022
The gold price within the expectations is likely to complete or has already completed the development of a local correction as part of the downward wave of the assumed diagonal down.
If the current assumption continues to receive support, then soon the price of gold will continue to move down and form a new minimum in 2022.
07-11-2022
The gold price has performed a confident upward pullback within the expectations, and it is likely that at the moment the development of a local correction is being completed, which has taken the form of a plane.
If the current assumption continues to receive support, then soon the price of gold will continue to move down and form a new minimum in 2022.
04-11-2022
The price of gold continues to remain under pressure, and it is still possible that the final part of the downward diagonal is at the stage of its completion.
That is, it is likely that at the moment the formation of a local correction is continuing, which may take the form of a plane, and if the current assumption continues to receive support, then, after a slight upward pullback, the price of gold will continue to move down and form a new minimum in 2022.
03-11-2022
The gold price continues to remain under pressure, and it is still possible that the final part of the downward diagonal is at the stage of its completion.
If the current assumption continues to receive support, then in the near future the price of gold may resume its downward movement and form a new minimum in 2022, after which we should expect a resumption of the global upward trend.
02-11-2022
The gold price continues to remain under pressure, and it is still possible that the final part of the downward diagonal is at the stage of its completion.
If the current assumption continues to receive support, then in the near future the price of gold may resume its downward movement and form a new minimum in 2022, after which we should expect a resumption of the global upward trend.
01-11-2022
The gold price continues to remain under pressure, and it is still possible that the final part of the downward diagonal is at the stage of its completion.
If the current assumption continues to receive support, then in the near future the price of gold may resume its downward movement and form a new minimum in 2022, after which we should expect a resumption of the global upward trend.
28-10-2022
The gold price continues to remain in the area of the reached levels, and it is possible that as part of the local upward correction, the formation of a correction of a degree lower is completed, which may take the form of a triangle.
If the current assumption continues to receive support, then after the completion of the corrective pullback, we should expect a resumption of the price decline and the formation of a new minimum in 2022.
27-10-2022
The gold price continues its upward correction movement within the framework of the assumption under consideration.
If the current assumption continues to receive support, then after the completion of the corrective pullback, we should expect a resumption of the price decline and the formation of a new minimum in 2022.
26-10-2022
The gold price continues its upward correction movement within the framework of the assumption under consideration.
If the current assumption continues to receive support, then after the completion of the corrective pullback, we should expect a resumption of the price decline and the formation of a new minimum in 2022.
21-10-2022
The gold price continues to move down under the assumption under consideration, and it is possible that a new minimum of 2022 will be formed soon.
If the current assumption continues to receive support, then after updating the minimum of 2022, we should expect a confident upward reversal of the price.
19-10-2022
The gold price remains under pressure within the framework of the assumption under consideration, and it is possible that soon, perhaps after a slight jump in the price up at the junior degrees, it will form a new minimum of 2022.
If the current assumption continues to receive support, then after updating the minimum of 2022, we should expect a confident upward reversal of the price.
18-10-2022
The gold price remains under pressure under the assumption under consideration, and it is possible that it will soon form a new minimum in 2022.
If the current assumption continues to receive support, then after updating the minimum of 2022, we should expect a confident upward reversal of the price.
14-10-2022
The gold price performed a confident downward movement, and almost immediately performed a more confident upward movement, and it is still possible that the development of a local correction continues as part of the downward wave of the assumed diagonal downward.
If the current assumption continues to receive support, then after the completion of the local correction at the lower degrees, we should expect a continuation of the price decline and the formation of a new minimum in 2022.
13-10-2022
The gold price continues to remain in the area of the values reached, and it is still possible that the development of the final wave of decline continues as part of the downward diagonal.
If the current assumption continues to receive support, then after the completion of the local correction at the lower degrees, we should expect a continuation of the price decline and the formation of a new minimum in 2022.
12-10-2022
The price of gold confidently continues to move down, and it is still possible that the development of the final wave of decline continues as part of the downward diagonal.
If the current assumption continues to receive support, then after a slight pullback, we should expect a continuation of the price decline and the formation of a new minimum in 2022.
10-10-2022
The gold price, although without updating the local maximum, nevertheless performed a downward reversal within the current assumption, and it is possible that the development of the final part of the considered diagonal upward has begun.
It is also worth understanding that the dynamics of the previous price increase may indicate that the diagonal in question has already taken a completed form, and the current upward movement is part of the first pattern in the form of a 5-3 formation up, the initial part of which may take the form of a diagonal.
07-10-2022
The gold price continues to remain in the area of the reached levels, without showing any significant dynamics, and if the current assumption continues to receive support, then in the near future the gold price may perform a confident downward reversal.
It is also worth understanding that the dynamics of the current price growth may indicate that the diagonal in question has already taken a completed form, and the current upward movement is the impulse part of the first pattern in the form of a 5-3 formation up.
06-10-2022
The gold price continues its local upward movement, and if the current assumption continues to receive support, then in the near future the gold price may perform a confident downward reversal.
It is also worth understanding that the dynamics of the current price growth may indicate that the diagonal in question has already taken a completed form, and the current upward movement is the impulse part of the first pattern in the form of a 5-3 formation up.
05-10-2022
The gold price continues its local upward movement, and if the current assumption continues to receive support, then in the near future the gold price may perform a confident downward reversal.
It is also worth understanding that the dynamics of the current price growth may indicate that the diagonal in question has already taken a completed form, and the current upward movement is the impulse part of the first pattern in the form of a 5-3 formation up.
04-10-2022
The gold price, although without a significant downward pullback, nevertheless, within the framework of the scenario under consideration, confidently continued to move upward, and it is possible that at the moment the development of a corrective wave of growth as part of the downward diagonal is being completed.
If the current assumption continues to receive support, then in the near future the price of gold may perform a confident downward reversal.
It is also worth understanding that the dynamics of the last price increase may indicate that the diagonal in question has already taken a completed form, and the current upward movement is the impulse part of the first pattern in the form of a 5-3 formation up.
03-10-2022
The gold price, within the framework of the assumption under consideration, continues to develop a corrective wave of growth as part of the downward diagonal under consideration.
If the current assumption continues to receive support, then, after a slight pullback, the gold price will continue to grow locally, and after the completion of the corrective growth, it will resume moving down the current trend.
29-09-2022
The gold price, within the framework of the assumption under consideration, performed a confident upward reversal and it is likely that the development of a corrective wave of growth has begun as part of the downward diagonal under consideration.
If the current assumption continues to receive support, then, after a slight pullback, the gold price will continue to grow locally, and after the completion of the corrective growth, it will resume moving down the current trend.
28-09-2022
The gold price continues to remain under pressure, and it is possible that a new local minimum will be formed in the near future.
If the current assumption continues to receive support, then after updating the minimum, the value of gold will perform a corrective pullback upward, after which we should expect the formation of another new minimum in 2022.
27-09-2022
The gold price has updated the local minimum, and it is still possible that the development of the downward wave of the assumed diagonal is currently being completed or has already been completed.
If the current assumption continues to receive support, then in the near future the price of gold will perform a corrective pullback upwards, after which we should expect the formation of another new minimum in 2022.
26-09-2022
The gold price has updated the local minimum, and it is likely that the development of the downward wave of the assumed diagonal is currently being completed or has already been completed.
If the current assumption continues to receive support, then in the near future the price of gold will perform a corrective pullback upwards, after which we should expect the formation of another new minimum in 2022.
23-09-2022
The gold price continues to remain under pressure, and it is likely that at the moment the formation of a downward wave of the assumed diagonal downward is being completed or has already been completed.
If this assumption continues to receive support, then, in the near future, perhaps after another update of the local minimum, the price of gold will perform a corrective upward reversal.
22-09-2022
The gold price continues to remain under pressure, and it is likely that at the moment the formation of a downward wave of the assumed diagonal downward is being completed or has already been completed.
If this assumption continues to receive support, then in the near future, perhaps after another update of the local minimum, the price of gold will perform a corrective upward reversal.
21-09-2022
The gold price continues to remain under pressure, and it is still possible that the development of a downward wave of the assumed diagonal downward continues.
If this assumption continues to receive support, then in the near future, perhaps after another price jump up, the price of gold will continue to decline and form a new minimum in 2022, after which we should expect the beginning of a corrective price increase.
15-09-2022
The gold price continues to remain under pressure, and it is still possible that the development of a downward wave of the assumed diagonal downward continues.
If this assumption continues to receive support, then in the near future, perhaps after another price jump up, the price of gold will continue to decline and form a new minimum in 2022, after which we should expect the beginning of a corrective price increase.
14-09-2022
The gold price has performed a confident downward reversal, and it is still possible that the development of the downward wave of the assumed diagonal downward continues.
If this assumption continues to receive support, then in the near future, perhaps after another jump in the price up, the price of gold will continue to decline and form a new minimum in 2022, after which it will perform a corrective pullback up.
13-09-2022
The gold price continues its local upward movement, and it is still possible that the downward wave of the assumed diagonal downward continues to develop.
If this assumption continues to receive support, then in the near future, perhaps after another jump in the price up, the price of gold will continue to decline and form a new minimum in 2022, after which it will perform a corrective pullback up.
12-09-2022
The gold price has resumed its downward movement, and it is still possible that the development of the downward wave of the assumed diagonal downward continues.
If this assumption continues to receive support, then in the near future the price of gold will continue to decline and form a new minimum in 2022, after which it will perform a corrective pullback upwards.
09-09-2022
The gold price has performed a local upward pullback, and it is still possible that the development of the downward wave of the assumed diagonal downward continues.
If this assumption continues to receive support, then in the near future the price of gold will resume its downward movement and form a new minimum in 2022, after which it will perform a corrective pullback upwards.
08-09-2022
The gold price has performed a local pullback upwards, and it is possible that only now the development of a local correction as part of the downward wave of the assumed diagonal downward is being completed.
If this assumption continues to receive support, then in the near future the price of gold will resume its downward movement and form a new minimum in 2022, after which it will perform a corrective pullback upwards.
05-09-2022
The gold price continues to move downwards in the framework of the scenario under consideration, and this fact provides good support for the current assumption, according to which the final part of the big wave of decline takes the form of a diagonal.
If this assumption continues to receive support, then in the near future the price of gold will form a new minimum in 2022, after which it will perform a corrective pullback upwards.
03-09-2022
The gold price continues to move downwards in the framework of the scenario under consideration, and this fact provides good support for the current assumption, according to which the final part of the big wave of decline takes the form of a diagonal.
If this assumption continues to receive support, then in the near future the price of gold will form a new minimum in 2022, after which it will perform a corrective pullback upwards.
31-08-2022
The gold price in the framework of the scenario under consideration continues to remain under pressure, and if the current assumption continues to receive support, then in the near future, the price of gold may consolidate below the confirming level, which in turn may increase pressure on the price.
It is also still worth understanding that the local alternative scenario still has great potential, and its implementation may lead to a significant change in the structure of price movement, although it may not cancel the expectations of updating the minimum of 2021.
25-08-2022
The gold price continues its local upward movement, and it is still possible that the current decline is a downward wave of the assumed diagonal downward.
If the current assumption continues to receive support, then in the near future, the price of gold can confidently resume its downward movement.
It is also still worth understanding that the local alternative scenario still has great potential, and its implementation may lead to a significant change in the structure of price movement, although it may not cancel the expectations of updating the minimum of 2021.
24-08-2022
The gold price continues to remain in the area of the reached levels, and it is still possible that the current decline is a downward wave of the assumed diagonal downward.
If the current assumption continues to receive support, then, in the near future, the formation of a local correction structure will begin, the result of which will be the continuation of the current downward trend.
It is also still worth understanding that the local alternative scenario still has great potential, and its implementation may lead to a significant change in the structure of price movement, although it may not cancel the expectations of updating the minimum of 2021.
23-08-2022
The gold price continues to move down, and it is still possible that the current decline is a downward wave of the assumed diagonal downward.
If the current assumption continues to receive support, then, in the near future, the formation of a local correction structure will begin, the result of which will be the continuation of the current downward trend.
It is also still worth understanding that the local alternative scenario still has great potential, and its implementation may lead to a significant change in the structure of price movement, although it may not cancel the expectations of updating the minimum of 2021.
22-08-2022
The gold price continues to move down, and it is still possible that the current decline is a downward wave of the assumed diagonal downward.
If the current assumption continues to receive support, the dynamics of price decline may increase in the near future.
It is also still worth understanding that the height of the last growth is still very alarming, as it may lead to a significant change in the structure of price movement, although it may not cancel the expectations of updating the minimum of 2021.
19-08-2022
The price of gold confidently continues to move down, and it is still possible that the current decline is a downward wave of the assumed diagonal down.
If the current assumption continues to receive support, the dynamics of price decline may increase in the near future.
It is also still worth understanding that the height of the last growth is still very alarming, as it may lead to a significant change in the structure of price movement, although it may not cancel the expectations of updating the minimum of 2021.
18-08-2022
The gold price continues to remain under pressure below the previously indicated confirming level.
If the price can stay below this level, then the current assumption can get quite good support.
It is also still worth understanding that the height of the last growth is still very alarming, as it may lead to a significant change in the structure of price movement, although it may not cancel the expectations of updating the minimum of 2021.
17-08-2022
The gold price continues to attempt to perform a downward reversal, and it is possible that the development of the first pattern in the form of a 5-3 down formation is completed at the lower degrees.
If the current assumption continues to receive support, fixing the price below the confirming level may resume pressure on the value of gold.
It is also still worth understanding that the height of the current growth is still very alarming, as it may lead to a significant change in the structure of price movement, although it may not cancel the expectations of updating the minimum of 2021.
16-08-2022
The gold price is trying to perform a downward reversal, and it is possible that the development of the first pattern in the form of a 5-3 down formation is completed at the lower degrees.
If the current assumption continues to receive support, then fixing the price below the confirming level may resume pressure on the value of gold.
It is also still worth understanding that the height of the current growth is still very alarming, as it may lead to a significant change in the structure of price movement, although it may not cancel the expectations of updating the minimum of 2021.
15-08-2022
The gold price is trying to perform a downward reversal, and it is possible that the development of the first pattern in the form of a 5-3 down formation is completed at the lower degrees.
If the current assumption continues to receive support, then fixing the price below the confirming level may resume pressure on the value of gold.
It is also still worth understanding that the height of the current growth is still very alarming, as it may lead to a significant change in the structure of price movement, although it may not cancel the expectations of updating the minimum of 2021.
12-08-2022
The gold price is trying to perform a downward reversal, and it is possible that the development of the first pattern in the form of a 5-3 down formation is completed at the lower degrees.
If the current assumption continues to receive support, then fixing the price below the confirming level may resume pressure on the value of gold.
It is also still worth understanding that the height of the current growth is still very alarming, as it may lead to a significant change in the structure of price movement, although it may not cancel the expectations of updating the minimum of 2021.
11-08-2022
The gold price has updated the local maximum, having fulfilled the minimum conditions for completing the corrective growth wave as part of the assumed downward diagonal, and it is possible that the development of the first pattern in the form of a 5-3 downward formation has begun at the lower degrees.
If the current assumption continues to receive support, then in the near future the price of gold can confidently resume its downward movement.
But, just as before, it is worth understanding that the height of the current growth is still very alarming, as it can lead to a significant change in the structure of price movement, although it may not cancel the expectations of updating the minimum of 2021.
10-08-2022
The gold price has updated the local maximum, having fulfilled the minimum conditions for completing the corrective wave of growth as part of the assumed downward diagonal.
If the current assumption continues to receive support, then in the near future, perhaps after updating the local maximum, it can confidently perform a downward reversal.
But, just as before, it is worth understanding that the height of the current growth is still very alarming, as it can lead to a significant change in the structure of price movement, although it may not cancel the expectations of updating the minimum of 2021.
09-08-2022
The gold price continued to move up, and it is possible that the formation of an upward correction as part of the assumed downward diagonal is being completed.
If this assumption is supported, then after the completion of the corrective growth, the value of gold can perform a confident downward reversal.
But, just as before, it is worth understanding that the height of the current growth is still very alarming, as it can lead to a significant change in the structure of price movement, although it may not cancel the expectations of updating the minimum of 2021.
08-08-2022
The gold price continued to move up, and at the moment it is advisable to consider a scenario according to which the final part of the medium-term correction may take the form of a diagonal.
If this assumption is supported, then after the completion of the corrective growth, the value of gold can perform a confident downward reversal.
But, just as before, it is worth understanding that the height of the current growth is still very alarming, as it can lead to a significant change in the structure of price movement, although it may not cancel the expectations of updating the minimum of 2021.
2022-08-06
The gold price continued to move up, and at the moment it is advisable to consider a scenario according to which the final part of the medium-term correction may take the form of a diagonal.
If this assumption is supported, then after the completion of the corrective growth, the value of gold can perform a confident downward reversal.
But, just as before, it is worth understanding that the height of the current growth is still very alarming, as it can lead to a significant change in the structure of price movement, although it may not cancel the expectations of updating the minimum of 2021.
December
The gold price continues its local upward movement, and it is possible that at the moment the correction part of the first pattern is developing in the form of a 5-3 formation up on intraday degrees.
If this assumption continues to receive support, the completion of this pattern will be a good basis for the resumption of the global upward trend.
November (correction of the structure)
The gold price, although without updating the minimum of 2022, still performed an upward reversal within the expectations, and at the moment we can consider a scenario according to which the local diagonal has taken a completed form, and the current growth is the beginning of the development of a long-term wave of dew as part of a large upward diagonal.
If this assumption continues to receive support, the formation of the first pattern in the form of a 5-3 formation up will be a good basis for the resumption of the global upward trend.
November
Within the framework of the assumption under consideration, the gold price resumed its downward movement after a corrective pullback, and it is still possible that the development of the final part of the corrective wave of decline continues as part of the assumed upward diagonal.
If the current assumption continues to receive support, then, after the formation of a new minimum in 2022, we should expect a resumption of the global upward trend.
October
Within the framework of the assumption under consideration, the gold price has formed a new minimum and it is likely that it has entered the stage of corrective growth as part of the downward diagonal under consideration.
If the current assumption continues to receive support, then after the completion of this corrective growth, we should expect the continuation of the local downward trend and the formation of a new minimum in 2022.
September
The gold price, within the framework of the assumption under consideration, confidently continued to move down, and it is still possible that the corrective wave of decline as part of the large upward diagonal is at the stage of its completion.
If the current assumption continues to receive support, the formation of a series of new local lows will be a good basis for a confident upward reversal of the value of gold.
2022-08-06
Considering the daily price chart, it is possible that at the moment the development of a corrective wave of decline in the state of a large diagonal upward is coming to an end.
If the current proposal receives support, then for the confident completion of the model, it is necessary to form a series of new, local minima, after which we should expect a resumption of the global upward trend.
December
The gold price continues its local upward movement, and it is possible that at the moment the correction part of the first pattern is developing in the form of a 5-3 formation up on intraday degrees.
If this assumption continues to receive support, the completion of this pattern will be a good basis for the resumption of the global upward trend.
November (correction of the structure)
The gold price, although without updating the minimum of 2022, still performed an upward reversal within the expectations, and at the moment we can consider a scenario according to which the local diagonal has taken a completed form, and the current growth is the beginning of the development of a long-term wave of dew as part of a large upward diagonal.
If this assumption continues to receive support, the formation of the first pattern in the form of a 5-3 formation up will be a good basis for the resumption of the global upward trend.
November
Within the framework of the assumption under consideration, the gold price resumed its downward movement after a corrective pullback, and it is still possible that the development of the final part of the corrective wave of decline continues as part of the assumed upward diagonal.
If the current assumption continues to receive support, then, after the formation of a new minimum in 2022, we should expect a resumption of the global upward trend.
October
Within the framework of the assumption under consideration, the gold price has formed a new minimum and it is likely that it has entered the stage of corrective growth as part of the downward diagonal under consideration.
If the current assumption continues to receive support, then after the completion of this corrective growth, we should expect the continuation of the local downward trend and the formation of a new minimum in 2022.
September
The gold price, within the framework of the assumption under consideration, confidently continued to move down, and it is still possible that the corrective wave of decline as part of the large upward diagonal is at the stage of its completion.
If the current assumption continues to receive support, the formation of a series of new local lows will be a good basis for a confident upward reversal of the value of gold.
2022-08-06
The gold price has almost reached a local minimum, but without updating it, it performed a relatively significant pullback upwards. Unfortunately, this fact does not yet allow us to say with any degree of confidence about the choice of a long-term model.
But, despite the complexity of defining the model, the formation of a new minimum in 2021 will be a more acceptable sign for the resumption of the global upward trend.
2022-08-06
The situation for gold remains virtually unchanged, that is, the price within the framework of the previously indicated scenario on intraday degrees is completing or has already completed a corrective pullback, and it is likely that in the near future the global trend will continue and at least another new historical maximum will be formed.
That is, despite the fact of the presence of a variety of scenarios, most of which it makes no sense to place on the chart, we should expect the continuation of the global upward trend.
