In some of the past updates, we discussed that some of the best opportunities on gold can show up when gold makes a solid pullback and, at the same time, gold volatility moves towards the lower side of its range. The reason is that when volatility starts to come down and price action slows, a lot of traders and even major players may start stepping aside and lose interest. But this is actually when traders looking for opportunities ahead of the crowd should start paying more attention.
Looking at the monthly gold chart, we can see that wave four is still ongoing, while gold volatility is still far away from the lower levels seen back in 2024. So it looks like there could still be more time and even more downside needed for this wave four correction to unfold. Once volatility comes down towards its lower range while gold is trading at lower levels and the dust starts to settle, this could offer some interesting opportunities for the next major wave five higher.
Trade well,
Grega
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