Gold: On the Playground
When was the last time that you have been on a playground? Gold seems to have rediscovered its inner child and is making use of the slide in the form of our red arrow leading into the orange sandbox between $1707 and $1657. There, gold should finish wave iii in orange and jump up afterwards to start a countermovement in wave iv in orange. There is a chance, though, that gold could leave the slide early and rise into the upper orange zone between $1921 and $1974 before resuming its descent.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.