Gold Road Map
Gold has already lost 10% from the peak, raising an important question: was this merely tactical weakness, or is it a harbinger of a deeper decline?
In this Gold Road Map update, we analyze the developing structure across multiple time frames, identify the key technical levels and targets, and outline the most probable paths ahead as the metal approaches its next decisive move.
CANDLES
If we trust the candles, gold has been slowly developing a bearish foundation. So far, it has formed a Bearish Engulfing on the 4D frame and marginally confirmed a top on the weekly. The technical indicators continue to lean downward, supporting the prospect of further losses ahead.
ELLIOTT WAVES
The road map development:
Short Term
Gold is showing early technical signs that wave 3 is unfolding. As discussed before, the preliminary targets for wave 3 remain on the charts and unchanged. The potential loss during wave 3 could reach 8–12% or more. As discussed in earlier reports, “the next move down could be strong and furious, possibly either wave iii in blue or the end of wave (c) in green.”
The risk of a sharp move downward in the next two weeks is highly elevated. Stay prepared.
