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Base 3 is where we are. I believe we are witnessing a four-base parabolic curve structure. The 3ed base usually takes a longer time to accumulate and the breakout from the 3ed base is usually a massive move.
It is important to note that only a destructive fundamental may break the bullish parabolic curve otherwise with any sudden climb of GOLD due to any political tensions in the middle east or new negative virus news the bullish uptrend to the 4th base will get triggered.
The current condition of the latest gravestone daily candle suggests a strong resistance unlike the ones holding BASE 1 & 2 can be a strong wall to hold the price for some time at these levels.
A swing back to base 2 is possible as we do have a CME gap that has opened from 23700 to 26500
With time the 3 supportive trend lines that may push the price up are the S1, S2, and S3.
Libertas Aequitas Veritas .
It is important to note that only a destructive fundamental may break the bullish parabolic curve otherwise with any sudden climb of GOLD due to any political tensions in the middle east or new negative virus news the bullish uptrend to the 4th base will get triggered.
A swing back to base 2 is possible as we do have a CME gap that has opened from 23700 to 26500
With time the 3 supportive trend lines that may push the price up are the S1, S2, and S3.
Libertas Aequitas Veritas .
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🦦🎢👍🏻
Trend Breakout architect
—> join my free telegram channel ✅🚀✅🚀✅🚀
t.me/cryptosanction
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