Gold Futures (Oct 2018)Updated Gold Futures Bullish vs Bearish outlooks
After reading an analyst's conclusion that there was no bearish scenario for gold (after a trend-line bounce on the 3rd of July) I thought it may be worthwhile to have a look myself. My belief is that there is always a bearish and a bulish view, certainty has little place in markets. Here it is for whatever it is worth - solely an exercise in technical analysis.
I am not an industry professional etc etc.
I am not an industry professional etc etc.
Note
A 1.618 extension of wave (v) would be very close to a 1:1 extension of wave (A) down. Now, if I can see how to add charts to this idea I will add additional explanation to this bearish view and also a bullish view.
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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.