$XAU $Gold = Daily + Updated Long Term Forecast = 04.11.2021 #GOLD #preciousmetals $GDX $GLD #XAUUSD #GC_F #investing

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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