$Gold $XAU = Daily Analysis = 06.01.2022 #GOLD #preciousmetals $GDX $GLD #XAUUSD #GC_F #ElliottWave

Gold is set to go further down, almost guaranteed by candles. Unless some miracle happens tomorrow (and the candles tell us the exact length of this miracle rally), the week is going to close on a very bearish note. Let’s hear what candles are saying.

Yesterday’s Analysis

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

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