Gold made a strong bullish statement today and hit the lower boundary of the target area shared previously. At the same time, it made an attempt to confirm a classical pattern and there is a good chance of very positive weekly closure tomorrow.
Let’s try to decipher the messages from the candles, TA and waves.
This daily overview contains:
– analysis of the daily chart and TA;
– 2hr EW chart with the short-term targets;
– mid- and long-term forecasts.
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Previous Analysis:
https://investingangles.com/2021/12/15/gold-xau-daily-analysis-updated-long-term-forecast-15-12-2021-gold-preciousmetals-gdx-gld-xauusd-gc_f-fintwit/
Daily Analysis: SPX & DJIA
https://investingangles.com/2021/12/16/spx-dowjones-daily-analysis-16-12-2021-spy-sp500-dia-es_f-ndx-fintwit-qqq-iwm/