Gold: Forecasting The Next Move After 5 Waves Decline

In this technical blog we’re going to take a look at some Elliott wave charts of yellow metal (Gold) published in members area of the website. Gold formed a high on October 4, 2022 (1729.46) and started declining. Decline took the form of an impulse, we will explain the internals of this impulsive decline, the bounce which we expected and current forecast.

Gold: 21, October 2022: 1 Hour Elliott Wave Analysis

Gold: 22 October, 2022: 1 Hour Elliott Wave Analysis

Gold: 1 November, 2022: 1 Hour Elliott Wave Analysis

Source: https://elliottwave-forecast.com/elliottwave/gold-forecasting-bounce-5-waves-decline/

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