Elena Nikulina

David Bird: Gold entered Wave 4 triangle in April 2025 as metals rotated

David Bird: Gold entered Wave 4 triangle in April 2025 as metals rotated
Gold saw metals rotation in 2025

David Bird observed that in April 2025, gold began moving into a Wave 4 triangle pattern, leading to about six months of consolidation for the metal.

During this period, Bird noted that capital did not exit the precious metals sector but rotated within it. Silver appreciated approximately 65 percent, gold miners rose around 36 percent, and platinum was also highlighted as a notable performer.

Bird previously identified a lasting change in the structure of Australia's listed property sector following the global financial crisis, viewing recent corrections as structural rather than cyclical events (link). In another report, he observed that many property groups saw falling prices as attractive buying opportunities, highlighting a prevailing 'buy the dip' sentiment (link). These observations reflect Bird's ongoing focus on sector-specific capital movements.

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