Against all bearish odds of a Falling 3 Methods, gold made a sizeable bullish move, and again through all DMA lines. The indicators are mixed and are neutral.
The odds are neutral and am waiting for the weekly candle tomorrow. The long term odds remain bearish.
From the EW perspective, there has been no clear motive wave for several months. This factor and a few other important recent developments urged me to reconsider the long term chart that has been the main guide since August 2020.
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So, at the last weekend, Gold made a very bullish weekly Candle. What does this mean? and what a bout the plan back to 1600 again? bro
I’m working on the weekly update. Will address the details there in a few hours.