Gold may continue to rally; watch for $2,000
The Elliott wave pattern from the 2020 high to the 2022 low could be viewed as an A-B-C flat pattern.
As a result, the rally could be the beginning of a new uptrend in wave 1 of 5; OR
The 2022 rally is viewed as a connector 'X' wave that will connect with another corrective pattern.
I'm looking at $2,000/oz as being a zone where a bearish reaction may appear under both counts above.
As a result, the rally could be the beginning of a new uptrend in wave 1 of 5; OR
The 2022 rally is viewed as a connector 'X' wave that will connect with another corrective pattern.
I'm looking at $2,000/oz as being a zone where a bearish reaction may appear under both counts above.
Are you ready to learn Elliott Wave? Take our Free Elliott Wave Readiness Assessment: bit.ly/EWreadinessquiz2
www.seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
EW Express - bit.ly/elliottwaveexpress
www.seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
EW Express - bit.ly/elliottwaveexpress