Big news with gold as the US has decided not to vest gold. on TA, we're now on the W1 trendline, triangled by D1 downtrend. Main trend is up, so I'm bullish. No specific setup. looking for a long-term entry.
On W1, from the bottom for the chart, we could count 5 waves UP and ABC correction which brought us where we are now. with the current narrative, gold could be back as a trusted store of wealth. currently looking for hints of the next leg up.
On D1, larger correction patter of ABCDE could be spotted by my bias eyes.
My bias is bull.
On W1, from the bottom for the chart, we could count 5 waves UP and ABC correction which brought us where we are now. with the current narrative, gold could be back as a trusted store of wealth. currently looking for hints of the next leg up.
On D1, larger correction patter of ABCDE could be spotted by my bias eyes.
My bias is bull.