Use “days” for the time range
We note in the chart that from the beginning of 2024 until now, after each rising wave, it has been followed by a corrective crossover movement that lasted approximately 55 trading days and a maximum of 90 trading days, which is supported and confirmed by the cumulative volume indicator (the volume profile currently taking place). Therefore, we expect gold to enter a new corrective sideways trend, which is expected to end as early as early 2026 (55 days).
The sideways movement ended and the uptrend began when the price broke above the resistance and last historical peak of 4381 and aimed to test the resistance levels of 4700 and 5000. We need another confirmation that the Line of Control (POC) is rising upwards, which is what we expected to happen.
This analysis remains valid as long as the price is above the support at 3883

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