A prediction has been made that gold will reach a price level of 1990 and then enter a corrective phase before eventually reaching a price level of 1990 to 2090. This can happen as part of wave 3 or C, 3 is usually the strongest wave in a trend.
However, it should be noted that technical analysis is a speculative and subjective method of price prediction and cannot accurately predict what will happen in the future. Therefore, this analysis cannot be relied on as the sole reference for making investment decisions. Market participants should always consider other information such as government policies, economic conditions, and latest news to make informed investment decisions.
However, it should be noted that technical analysis is a speculative and subjective method of price prediction and cannot accurately predict what will happen in the future. Therefore, this analysis cannot be relied on as the sole reference for making investment decisions. Market participants should always consider other information such as government policies, economic conditions, and latest news to make informed investment decisions.