#Gold continues down, as forecasted in March. Note that today’s is a weekly closure. In order to make the current, strongly bearish candle somewhat neutral, gold needs to rally about 2.5% in the remaining 7 hours. If it “plans” to reverse here – a ~4.2% rally is required to flip the candle bullish. Seven hours to go.
A bigger picture and probabilities were discussed in the Weekly Analysis:
Long term forecast:
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