GOLD: Jan 18, 2024
By: Shane (CEWA-M Candidate)
Bingo! Gold has dropped a bit. 🎯
Bottom line: Gold continues to decline with wave iii.
The general context is to drop even lower with wave iii. The short-term outlook has a downside: wave i has started to move quite far, increasing the possibility that wave i is about to end and wave ii will soon increase in price. up before returning to the main context is the discount. Rising above 2029.07 shows that this view is correct.
Bingo! Gold has dropped a bit. 🎯
Bottom line: Gold continues to decline with wave iii.
The general context is to drop even lower with wave iii. The short-term outlook has a downside: wave i has started to move quite far, increasing the possibility that wave i is about to end and wave ii will soon increase in price. up before returning to the main context is the discount. Rising above 2029.07 shows that this view is correct.