$Gold $XAU = Daily Analysis = 03.01.2022 #GOLD #preciousmetals $GDX $GLD #XAUUSD #GC_F #ElliottWave

Gold made a powerful bearish statement that is strongly supported by indicators. The question is whether it is going to continue and for how deep. A few signals from the technical indicators and waves can help answer the question.

From the 2022 Forecast posted yesterday: “The monthly/quarterly frames are slightly bearish and a pullback in the first half of 2022 has higher chances. While shorter term frames (daily-weekly) are bullish, the chances of a reversal down are still high.”
If you would like to read the whole document, it can be viewed here:
https://investingangles.com/2022/01/01/gold-yearly-review-01-01-2022-xau-gold-preciousmetals-gld-xauusd-gc_f-elliottwave/

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

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A $10 USD monthly subscription gets you access to the monthly and weekly analyses, mid and long term forecasts for cryptocurrencies, major US and some world indices, precious metals and miners, commodities, popular stocks and more. There is no free trial. For $10 USD you can evaluate the service for a month and discontinue the subscription at any time.
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