Gold closed today with very informative monthly and weekly candles. Sometimes it’s worth waiting for 6 months to finally understand the type of pattern the candles were building. I think that we should be able to draw a path for the next few weeks/months with a high level of confidence based on the monthly closure. Let’s evaluate the perspectives of candles, waves and TA.
This monthly overview contains:
– analysis of the daily and monthly candle charts;
– 2hr EW chart with a short-term projection;
– mid- and long-term forecasts.
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