$Gold $XAU = Daily Analysis = 04.01.2022 #GOLD #preciousmetals $GDX $GLD #XAUUSD #GC_F #ElliottWave

A tough call today. After a strong bearish Engulfing yesterday, gold rallied today. The question is whether it rallied enough to reverse the odds from bearish to bullish or it was not sufficient. The candle theory is quite clear on the matter and I’ll discuss this today.

This daily overview contains:
– analysis of the daily and multi-day candles in gold and DXT with some TA;
– 2-hr chart with the 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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