GOLD Adventures

Following the last couple of Gold (XAUUSD) Calls, It's giving a reason to accumulate a position down here for a push back up. As it's at the end of a deep move the accumulation may be a little more complex. The majority of retail traders are still long. So I expect a further dip before a rise. But as DXY is about to make some new ground higher completing its Elliott wave 4 move up. I feel the inverse here, complex bottom - gather momentum and up.

See the last gold call before in the link below and some info on Elliott in relation to the current wave 4 move.


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This pushed a little higher than I was expecting on the first move up. Interesting times.

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Going to bail on the move up and wait for the restest for a new entry.