$Gold $XAU = Daily Analysis = 28.12.2021 #GOLD #preciousmetals $GDX $GLD #XAUUSD #GC_F #ElliottWave

Gold hit the forecasted target area and formed a daily bearish Engulfing. Quite a statement after the rally. Btw, GDX and silver are in the same boat.

Let’s try to decipher the candles, TA and Elliott Waves perspectives.

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