GOLD, Is it 5th Wave?

1. Sharp Movement, Steep Trade Angle
2. Length of 3rd Wave is equal to 5th Wave
3. Ascending Channel TGT is completed
4. Divergence in the Price Movement
5. Nifty Price Movement - It is at a breakout point. The Correlation between 2 asset classes is approximately Negative 0.30 to 0.35 post Covid

If this is the case, then price may not move beyond 1 Lakh

This will be a great opportunity to book the profit in gold; it may correct to 70000 or below in the next few months.