$Gold = Monthly Analysis = 31.05.2022 #gold #preciousmetals $GDX $GLD #XAUUSD #GC_F $XAU @markets @seekingalpha #commodities

Sorry gold bulls. Despite all your wishes, gold signals a move down. The monthly candles say so. And they will be right as they were right in August 2020 when they signaled a 20% decline.

Here is the call in August 2020. I assume you remember the 9 months after:

Let’s evaluate recent signals and project the next gold moves.

This analysis is part of the Monthly Series – US Indices, Crypto, Commodities, Currencies, 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 below is a candle call on March 18th:

Latest Gold Quarterly Analysis covers very long perspectives of 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/

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.
https://investingangles.com/subscription/

Premium Content

Read more of this content when you subscribe today.

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

If you already follow @InvestingAngles on Twitter and would not want to miss an important post, you can follow the blog on WordPress by email (free service). In this case, all posts will be sent to your inbox directly.


%d bloggers like this: