Gold has been on an uptrend for quite some time now. I do not usually care for Elliot waves and find them to be rather useless when trading in real time. However, this chart seems to have a clear 5 wave structure, and may only be a recovery for the short term. In the long term, there has not been a deeper correction for quite some time.
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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.