$GTC

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Verbatim Community Citations & Social Evidence 1 source posts analyzed

@egragcrypto

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#GOLD – Relief Rally Before the Real Damage? : $Gold has not retested its 21-month EMA since the 2024 breakout. After four bearish monthly candles, the current rebound may be Wave 2 relief, not a new bullish impulse. Key upside zone: $4,380–$4,550 Extension:

AI visual note: A TradingView chart displays EGRAG CRYPTO's Elliott Wave analysis for gold ($Gold) on a monthly timeframe, showing Wave 1 breakout at $3,245/$3,255 with Fibonacci extensions targeting $4,380–$4,550 and $4,550–$4,800, alongside annotations marking a "GAP," "Never Tested The Break Out" zone, and projected Wave (1)/(3) structures through 2027. The technical setup aligns with the post's view that gold's current rebound is a Wave 2 relief rally before further downside, given its failure to retest the 21-month EMA since the 2024 breakout.

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