Ok, so at this moment in time, the count on the chart suggests that gold should sell-off. Alternatively, we may continue rallying to form a red wxy. All that is not consistent with a likely bounce in stocks. I have 0 positions in stocks and heavy shorts in gold , therefore I am biased and can be a victim of confirmation bias.
So either gold decouples from stocks and fall when stocks rally (can happen and did happen in the past foretelling a coming decline in stocks) or my outlook is wrong in either instrument (more likely )))
I would hate to think that we are in an even more bullish scenario which I previously indicated in orange. That is a lot of ElliottWave counts to waste.
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