Gold continues to move down exactly as forecasted. The candles structure does not show any signs of reversal so far. Tomorrow is the last day of the month and the monthly candle promises to be very informative. At this point I can say that the metal is likely to remain under bearish pressure until at least the end of 2021. Let’s have a closer look at the candles and waves.
Next: interpretation of candles and a detailed wave forecast.
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Previous Monthly and Weekly Analyses: