I have seen this before with gold... where we have a sharp move and then slowly resuming the overall trend. If my analysis is correct (although still learning the EWT) the move down that we saw last week was just a correction from the move that started on the 8th of August.
And this move down almost reached wave 1, but did not. Which makes me think the bulls are still in control. And if the analysis is correct, then 3000 levels should be within reach.
And this move down almost reached wave 1, but did not. Which makes me think the bulls are still in control. And if the analysis is correct, then 3000 levels should be within reach.
Trade active
Looking good so far, one more hurdle to jump still.
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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.