$Gold $XAU = Weekly Analysis + Long Term Forecast = 04.12.2021 #GOLD #preciousmetals $GDX $GLD #XAUUSD #GC_F #investing

Gold closed on Friday with bullish Engulfing that suggest at least a short term rally. From the larger frames view, the metal is moving along the forecasted lines and rectangles. Let’s evaluate the perspectives of candles, waves and TA.

This weekly overview contains:
– analysis of the daily and weekly candle charts;
– 2hr EW chart with the short-term targets;
– mid- and long-term forecasts.

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