$Gold = Weekly Analysis + Long Term Forecast = 12.11.2022 #gold #preciousmetals $GDX $GLD #XAUUSD #GC_F $XAU #commodities @thestreet @wsjmarkets @cnbc @ft @business @markets @marketwatch @seekingalpha

Gold is healthy indeed. After the metal printed a candle entirely above BB in 2021 and RSI was above 70, it lost 14.5% in the following 2 months. But this time is different, right?
(The first sentence was sarcasm.)

By the way, it’s been over 7 months since this epic call that nobody else forecasted. I continue to maintain a bearish view for the upcoming months.

In this weekly analysis, I will traditionally evaluate the candles that Gold formed on multiple frames. We will discuss technical events on different frames and analyze the long- and short-term perspectives for the metal using Elliott Waves.

The analysis is part of the @InvestingAngles Series – US and global indices, Precious Metals and Miners, Crypto, Commodities, Currencies, Large Cap stocks.

Premium Content

Read more of this content when you subscribe today.

SimpleMoneyZone – Live Trade Signals (free for now):

Gold Q3 Quarterly Analysis:

Gold Q2 Quarterly Analysis covers very long perspectives of quarterly candle formations:

Those subscribed to our service since 2021 have benefited from this Bitcoin call in November…

A few loyal, very long term customers knew that GDX miner was not a healthy investment since November 2020.

Join us on Telegram: http://t.me/InvestingAngles

You follow @InvestingAngles – we offer the best forecasts!

%d bloggers like this: