Gold Spot / U.S. Dollar
Long

Gold in the sidelines until 1q 23

124
My base case is gold forming a 4th wave which might take a shape of a triangle, meaning it will be in the sidelines for quite a long time. I expect a meaningful trough sometimes in Feb-March 2023, near 1700+ zone. Once wave 4 is complete we should see a strong move to 2200-2300 area to complete wave v. Further details are on the chart.

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