$Gold $XAU = Quick Update = 24.02.2022 #GOLD #preciousmetals $GDX $GLD #XAUUSD #GC_F #ElliottWave

Gold today could form a very bearish reversal pattern, but it did not. Instead, it made a large doji that can be viewed as a bullish continuation or a Spinning Top, a reversal type. In both cases, a confirmation is required and there is a chance to get it tomorrow.

From the Elliott Wave perspective, gold formed today a very clean five waves down. It is expected to bounce for a day or two and then form at least one more wave down. The detailed analyses and updated Long Term forecasts for gold and DXY will be shared with the subscribers over the weekend.

The weekly analyses and long term forecast:

One thought on “$Gold $XAU = Quick Update = 24.02.2022 #GOLD #preciousmetals $GDX $GLD #XAUUSD #GC_F #ElliottWave

Comments are closed.

%d bloggers like this: