Gold is approaching the upper boundary of the 15 week long intermediate downtrend, currently at 1625-1630, which should prove to be strong resistance.
The market remains in a tug of war between this downtrend and a shorter term bullish trend channel, we remain on the sidelines as a result.
Today's video looks at these channels in more details and also looks at the bigger Elliot Wave picture as a refresher of where we are in the cycle.
The market remains in a tug of war between this downtrend and a shorter term bullish trend channel, we remain on the sidelines as a result.
Today's video looks at these channels in more details and also looks at the bigger Elliot Wave picture as a refresher of where we are in the cycle.