2026-03-23 04:17:28

Gold price wave on the 3-month timeframe:

On a quarterly timeframe, gold began its uptrend in October 2018, similar to the 1970 cycle.
From 1974 to 1976, gold underwent a correction; this is comparable to the 2020–2022 correction, shown by the white circle.
Gold topped in 1980 during the “Volcker Shock.” - refer the red circle.
Currently, there is no comparable event, yet the price is declining in a manner similar to January 1980. This has baffled many fundamental analysts, which is understandable.
It appears that only technical analysis can explain what is happening in the price action, particularly the rejection and support levels.
#Gold

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