$Gold Weekly Analysis 12.03.2022

This week gold made a strong reversal following this epic call on Three Gaps: https://investingangles.com/2022/03/08/three-gaps-alert-subscribers-only/ The forecast also contained references to similar structures in $TSLA and $SPX.

On Friday, two hours before market closure, I shared the following alert:
“No matter how $GLD closes today, it will set the odds strong bearish. The 3-day candles closing in 2 hours will make a clean bearish Harami combo. In order to avoid the bearish spell, $GLD needs to either rally 3.4% or fall 1.6% in the next 2 hours. Probability? Close to zero.”
This is the chart for the Alert.

This week gold was at a multi-year inflection point and I shared a study on the subject a few days ago:
https://investingangles.com/2022/03/09/gold-multi-year-inflection-point-09-03-2022-gold-preciousmetals-gdx-gld-xauusd-gc_f-elliottwave-xau/

If you are interested in the path gold is going to take from the short- and long-term perspectives, it will be covered in today’s overview.
This analysis is part of the Weekly Series – US Indices, Cryptocurrencies, Commodities, Currency, Large Cap stocks – that can be viewed here.

This Weekly Analysis contains:
– overview of the daily, weekly and monthly candles and TA;
– long term forecast with Elliott Waves.

_{The following section is available for the subscribers only. 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, volatility index and DXY, 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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Previous Weekly Analysis:
https://investingangles.com/2022/02/26/gold-weekly-analysis-26-02-2022-gold-preciousmetals-gdx-gld-xauusd-gc_f-elliottwave-xau/

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