GOLD, the beginning of a new cycle and trend:

→ The 3rd week of the cycle has ended, gold has reached previous extremes according to the forecast and has broken through powerful resistance, which it hit in August 2020 and March 2022. The profit per futures contract was about 12K USD.

→ The market is clearly overbought, so a small correction to the former resistance line, which can now become a support line, cannot be ruled out.

→ In the future of the current cycle, the growth of gold has not yet been worked out in any case. Personally, I took profit on half of the position, I will hold the rest for now, perhaps I will add it again during corrections.

→ I remind you that the next forecast extreme for gold falls on April 26. This will be the 11th week of the cycle, that is, more than half of the cycle, where correction is possible. Closer to the point, we will look at technical indicators.