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Gold – Monthly Analysis

Every precious metal investor is probably scary of the recent DXT move. In light of this, is gold ready to resume the ride down or still has some room above? Let’s evaluate from different angles.

The chart below was posted on May 6, 2023.

In this monthly overview we discuss recent technical events and perspective candle formations. We analyze the possible paths and their probabilities using Elliott Wave charts.

All previous weekly and monthly analyses for gold are here:

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