Gold at decision point: UP or back and forth?

26 Nis 2020

Gold has now reached the target I gave in July of 2018. (see link below if interested). One possibility is that a 4th wave triangle consolidation is now over and gold has starting a final major wave up before a major correction. If so I would expect the price to exceed the high at "33". If however the price starts dropping from here and breaks the current uptrend line then I would favor the current consolidation is not over and we could see back and forth action for a few years. If it keeps going up I have shown a few possible targets. If it goes down I will later post possible down targets. If the US dollar starts dropping again I would think that would favor gold will rise. We'll see.
Process your way.
Take care.