GOLD : Bear market rally is over [Elliot Wave Analysis]

Corrective move upwards on XAUUSD with triangle thrust target and .618 pullback met.

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*posts bearish idea about gold*

*gets lectured about "economics" and "fundamentals"*

These kinds of comments make me feel way more confident on short this asset.

You guys have no idea what you are talking about, just trying to convince others in a vogue attempt to convince yourself.

I have been tracking and updating this and silver since January 2019. Post your narratives elsewhere, please and thank you.

twitter.com/AcelCrypto/status/1097962039199309824?s=20

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Here is your precious silver also.

twitter.com/AcelCrypto/status/1090609320750997505?s=20

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Recent price action on gold is corrective, which means it can see some temporary upside before at least another leg down.

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Extension in the 5th, empty space below.

You guys in the comments need some help with fUnDamEntAlS?

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Clean 5-wave recovery on gold, so short term bias switches to bullish after a 3-wave PB. This is a key area for the bearish argument.

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For the record, the alternate view has the triangle completed lower and it sees one last push.

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Alt count posted above is in play. Macro bearish bias remains -the high is just not in yet.

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High should be in now - with confirmation of Nov low break.

Target adjusted to ~940s , in line with the first gold support from the original idea.

Acel

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Acel

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