Gold: Heave ho!

13 Haz 2022

Gold had finally hauled itself up a bit higher into the orange zone between $1868 and $1919 only to drop back out. However, we expect it to gather all its strength to make it into the orange zone again and subsequently towards the resistance line at $1921, where it should finish wave b in orange. Then, gold should fall below the support at $1830 and continue the descent into the turquoise zone between $1660 and $1525, where it should complete wave C in turquoise and with it the overarching downwards movement. There is a 40% chance that gold could be strong enough to rise even higher into the red zone between $1919 and $2003 before turning downwards and heading for the turquoise zone.