Gold is a hot mess, but I think it's biggest crime is opportunity cost.
I think gold's price action since May 2023 high suggests the recession to come; there is at least one impulse wave down, and price action after 1987.42 does not look like a C wave is completing anytime soon.
Bulls need 1809 to hold as support and 1987.42 to break as resistance.
My ideal bear target is below 1500; I think the bull fun really begins after that...
I think gold's price action since May 2023 high suggests the recession to come; there is at least one impulse wave down, and price action after 1987.42 does not look like a C wave is completing anytime soon.
Bulls need 1809 to hold as support and 1987.42 to break as resistance.
My ideal bear target is below 1500; I think the bull fun really begins after that...
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.
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.