On October 12, 2024 it was noted that a move up in gold will have to wait. This is based on the completion of a 2016 to 2024 three peak Non Commercial futures trading sequence. In addition to this the 2008 chart structure is similar to the current 2024 chart Fibonacci sequence. At this point a decline is expected in 2025.
Note that this information is for educational purposes only and not a recommendation.
Charts courtesy of StockCharts.com.
