$Gold = Weekly Analysis = 05.06.2022 #gold #preciousmetals #XAUUSD #GC_F @wsjmarkets @markets @seekingalpha #commodities

Gold looks ready to make one more leg down, following the call in March. The candles don’t signal anything bullish yet.

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

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/

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Previous Weekly Analysis:
https://investingangles.com/2022/05/31/gold-monthly-analysis-31-05-2022-gold-preciousmetals-gdx-gld-xauusd-gc_f-xau-markets-seekingalpha-commodities/

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