End of 6-month correction on gold ?
dollar is early in a bearish 8 years timecycle (2018-2026)
so the primary trend on commodities is bullish in W1 , M1 timeframe.
However they have bearish waves as a correction in daily timeframe and gold is a good example with -15% return in 6moth.
but after 6month bearish, gold Gold reached its main target yesterday. (1720_1680$)
so This could be the end of a 6-month correction process on the gold in daily and weekly timeframe.
so the primary trend on commodities is bullish in W1 , M1 timeframe.
However they have bearish waves as a correction in daily timeframe and gold is a good example with -15% return in 6moth.
but after 6month bearish, gold Gold reached its main target yesterday. (1720_1680$)
so This could be the end of a 6-month correction process on the gold in daily and weekly timeframe.
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