Gold likely ranging before trend sets off
Based on this analysis, the next set of downtrend ($250+ moves) have already started and will continue until approx Jan-Feb 2021. Since that's 8 quarters away gold may use 1 entire quarter to either range in a box formation or as a series of ABCs/WXYs. On a fundamentals view I see more risk for gold to fall in a rate hike (inflation) pause environment.
Yorum:
1280 didn't break. So changing the count from circle A as 1, and now WXY flat correction is in play:
Found an irregular flat potentially being 4th wave for C. I'm short and targeting 1280 break.