The Gold market was operating in-sync with Elliott wave ideology until January 2020.
The elliptical area appears chaotic; either the paper market is breaking or an entirely new price range is required for fiat equilibrium.
Note
Note: Since the paper market is chaotic; it cannot be traded: even though the indicators are bullish on all timeframes it is unwise to trade a chaotic sub-system.
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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.