$Gold = Monthly Analysis + Long Term Forecast = 30.04.2022 #GOLD #preciousmetals $GDX $GLD #XAUUSD #GC_F #ElliottWave $XAU

When the monthly candle in the last hour flips from moderate bullish to strong bearish, everyone should probably take a note. This is what happened to the #gold monthly candle yesterday and we will discuss the significance of the event as well as the perspectives for the next moves. But before we begin, I would like to say a few words about the opening charts.

This candle setup was shared on March 29th. Two weeks ago the metal came close to invalidating the setup, but did not, and now it is on track. The monthly and weekly candles support a move lower and we will discuss their importance in light of TA and EW in this monthly 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 and short term forecasts with Elliott Waves.

Quarterly Analysis also covers the very long perspectives of the quarterly candle formations:
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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