XAU: Gold Looks for $2600 Price Tag for XMAS 2024

1 Nis

Gold has been on a rollercoaster of a ride over the past year and it's been fun to catch a few wins along the way. A run to $2600 seems inevitable. Closed my shorts from 2220-2230 and went long above $2250 w/ T1 near $2390.

1 Nis

Not

Perhaps a trip down to 2180 is due before the next upwards slash.

1 Nis

Not

Shart for now. Long not ready.

12 Nis

Not

Primary waveform (shared above) is likely not to be valid.

Gold should see $3000 in 2025, but for now, it seems likely due for a seasonal chop back down to $2034.