Gold / XAUUSD is currently on the bullish wave of a long term Channel Up holding since October 6th 2023.
The overbought 1day RSI draws comparisons with September 26th 2024 and October 27th 2023, which made a short term pull back but continues the bullish wave to a new high nonetheless.
So far the 3 main bullish waves were +18.68%, 22.50% and 22.00%.
Based on that, the bad case scenario for the next High is 3000.
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