GOLD is in the making of E in the ABCDE correction....
Despite all the fundamental issues as Russia and Ukraine tensions, hot inflation issues, etc..., I strongly believe that the Gold movement to the 1850-1860 is just a correction and it was not a new bull trend..
If we take a look into the chart, looks like Gold is making the ABCDE correction in a big triangle pattern..
Look closer, that the wave B retraced almost 100% of A, wave C retraced 78.6% of B, wave D retraced 61.8% of C, and now the wave E is at the 88.6% as well as on the resistance of the big triangle...
For me this is a STRONG SELL... against all odds..
CHEERS.....
Despite all the fundamental issues as Russia and Ukraine tensions, hot inflation issues, etc..., I strongly believe that the Gold movement to the 1850-1860 is just a correction and it was not a new bull trend..
If we take a look into the chart, looks like Gold is making the ABCDE correction in a big triangle pattern..
Look closer, that the wave B retraced almost 100% of A, wave C retraced 78.6% of B, wave D retraced 61.8% of C, and now the wave E is at the 88.6% as well as on the resistance of the big triangle...
For me this is a STRONG SELL... against all odds..
CHEERS.....