corrective or impulsive?
Another leg lower for gold with inflation as the kicker.
↳ In 2018, the original bullish gold chart began the entire move. The triangle breakout and has been very impulsive.
↳ On the weekly, support comes in at $1676 and $1518 below as the main MT swing target for the ABC sequence inside a multi-year five wave pattern.
↳ For those on the bid, a daily close above $1765 would call into question the bearish view.
↳ In 2018, the original bullish gold chart began the entire move. The triangle breakout and has been very impulsive.
↳ On the weekly, support comes in at $1676 and $1518 below as the main MT swing target for the ABC sequence inside a multi-year five wave pattern.
↳ For those on the bid, a daily close above $1765 would call into question the bearish view.
Related publications
Disclaimer
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.