Everyone Is Buying Gold. So Why Is the Price Falling?
1 extracted signal · 0 resolved · 1 still active
MCO MarketsIndependent analyst profile- Source published
- 29 Oct 2026, 10:50 UTC
- Recorded by Tahlil Plus
- 29 Oct 2026, 11:33 UTC
AI-generated source summary
The video analyzes gold (XAUUSD) using Elliott Wave theory, suggesting that the current downward price movement since January is a correction within a larger bull market, rather than the end of it. The speaker anticipates a potential major low around the $4,000 region, with a possible deeper low near $3,940 if the market breaks below the summer low. Key factors supporting this view include the historical data on gold ETF holdings and central bank buying, which indicate strong underlying demand, contrasting with the selling pressure from hedge funds. The analysis highlights a potential for a five-wave move up from a significant low, with a critical level to watch being a break above $4,234. Until this level is decisively broken, a confirmed major low is not yet in place, but the current price action is seen as a pause within a bullish trend.
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Tahlil Plus independently records and evaluates public market predictions. Extraction may be AI-assisted and results follow the Tahlil Plus methodology. This information is not financial advice.