The most recent increase must be a component of wave (V), which should push gold to a new record high, unless.....
Note
Note
Alternative count but conclusions remain the same....Note
As the price didn't make it to brakethrough 1953 area after FED announcements, wave b/ (cycle) unfolded like a-b-c-d-e triangle and the wave c/(cycle) is still in the hands of bears.Note
Note
If this count is accurate, bulls are back. However, the 1.880 area is still crucial Note
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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.