$Gold = Weekly Analysis + Long Term Forecast = 23.04.2022 #GOLD #preciousmetals $GDX $GLD #XAUUSD #GC_F #ElliottWave $XAU

This candle setup was shared on March 29th. This week, after marginally testing the stop-loss level, #gold confirmed the intent by forming one more bearish Engulfing on the weekly chart.
People tend to be skeptical of the Japanese candlestick theory that is some 400 years old… Time will tell.

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 and weekly candles and TA;
– long term and short term forecasts with Elliott Waves.

Quarterly Analysis:
https://investingangles.com/2022/04/03/gold-quarterly-analysis-long-term-forecast-03-04-2022-gold-preciousmetals-gdx-gld-xauusd-gc_f-elliottwave-xau/

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Previous Weekly Analysis:
https://investingangles.com/2022/03/26/gold-weekly-analysis-26-03-2022-gold-preciousmetals-gdx-gld-xauusd-gc_f-elliottwave-xau/

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