This week #Gold had a chance to extend the rally started last week, but failed. The technical conditions are similar to those in the second half of 2020 or even a tad worse. My bearish call in March stands.
Let’s evaluate recent developments from various perspectives and project the next steps.
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.
The chart above is a technical setup shared on March 29th. The chart below is a candle call even earlier – on March 18th:
Gold Quarterly Analysis covers very long perspectives of quarterly candle formations:
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