GOLD: Jan 8, 2024
Shane Hua (CEWA II, III in progress),
Bottom line: Gold will decrease in price with wave iii.
The large context shows the dominance coming from Bear market. The bearish outlook should be maintained while prices maintain lower than 2063.98, a lower high of 2046.58 could act as a Protect level with larger profits, but higher risk. Falling lower out of the Channel shows that wave iii is approaching 1998.76.
Bottom line: Gold will decrease in price with wave iii.
The large context shows the dominance coming from Bear market. The bearish outlook should be maintained while prices maintain lower than 2063.98, a lower high of 2046.58 could act as a Protect level with larger profits, but higher risk. Falling lower out of the Channel shows that wave iii is approaching 1998.76.
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