On the monthly chart of GOLD we see price at the end of a bigger A-B-C correction, which followed as a contra-trend reaction the the previous five-wave fall. Ideally some resistance and a bearish turn can be seen here around the Fib. ratio of 61.8 (1600/1620 region), where bears can again turn price lower.
You can subscribe to our webpage at EW-Forecast for more unique, and daily content. We also have a 7-day trial offer for FX services (1€) and for Crypto services (2€). Check it out!
By using www.ew-forecast.com website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on www.ew-forecast.com are provided for informational and educational purposes only!
By using the information and services of www.ew-forecast.com you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.