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Gold – Weekly Analysis

DXY rallied 5.8% after our call in July and today we will evaluate gold from different angles and its readiness to follow the recent DXY rally.

The chart below was posted on May 6, 2023. Gold is down over 5% since.

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:

The most recent DXY weekly report can be viewed here:

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