Vladimir Ribakov analyzes gold's rally following Trump's warning to Russia about Ukraine sanctions. He sees a weekly cycle still completing with daily wave structures suggesting more upside, and recommends buying dips until a new all-time high confirms.
Chapters
Is the gold set to create all-time high once again? Hey guys, Vladimir here from Home Trader Club. Let's take a look on what happens with the gold, and it— a lot of that triggered right after Trump, uh, threatens Russia that if they will not go back to negotiations stopping the war against Ukraine, uh, they will consider sanctions, they will consider tariffs, and the gold as gold responds right away. Technically speaking, if we take a look on the chart, this final rally makes absolute sense until this weekly cycle will complete, and then we will see weekly bearish divergence before the next sellers will take place. On a daily chart, the waves also lined up perfectly, and after the last rally that we've had, we saw some ranging correction and the breakout. Usually This is a sign that we are heading to complete the daily waves. So from my point of view, buy the dips on gold could still be relevant until we see all-time high and until we see some signs against. For more trading ideas, real-time trading education, access to our courses, our community, and more, join our family, the Home Traders Club.
