Expanded Flat Done? Sell!

From a technical perspective, we believe gold is currently in the process of completing Wave 4. The rally to $2,850 marked the end of Wave B, a pivotal moment before a corrective pullback. Our analysis suggests that this pullback, classified as Wave C of Wave 4, is expected to drive gold prices down to approximately $2,400 per ounce.

This corrective phase is projected to bottom out around mid-April 2025, creating a robust support level. Once this corrective phase concludes, we anticipate a strong bullish reversal. This upward momentum will form Wave 5, pushing gold prices to unprecedented highs, with our target set at $3,300 per ounce.