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Gold Road Map

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So far, gold has followed the Road Map flawlessly, with only minor deviations. Now the focus shifts to defining the next move.

In this Road Map update, we outline the most probable paths forward, identify the key targets, and assess how the developing structure may shape gold’s next decisive move.

CANDLES

Gold closed the week with a Dark Cloud Cover and primarily bearish signals on the smaller frames. The metal shows its usual resilience, but the technicals are beginning to outweigh the previously strong bullish positions.

ELLIOTT WAVES

The road map development:

Short Term, as discussed in the monthly report:

Short Term now:

Gold formed a small impulse down for wave i and is about to complete a corrective wave ii. The next move down could be strong and furious, possibly either wave iii in blue or the end of wave (c) in green.

Risk is highly elevated. Stay prepared.