Gold likely ranging before trend sets off
Updated
Based on this analysis, the next set of downtrend ($250+ moves) have already started and will continue until approx Jan-Feb 2021. Since that's 8 quarters away gold may use 1 entire quarter to either range in a box formation or as a series of ABCs/WXYs. On a fundamentals view I see more risk for gold to fall in a rate hike (inflation) pause environment.
Note
Found an irregular flat potentially being 4th wave for C. I'm short and targeting 1280 break.
Note
1280 didn't break. So changing the count from circle A as 1, and now WXY flat correction is in play:
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