$GOLD - SAFE HAVEN -
Added 2024-11-22 19:03:14 +0000 UTCNo changes to the chart or our Wave 5 target and we can see that their has been a resurgence here since the decline at the start of the month.
$GOLD likely declined as it was becoming obvious that Trump was out in the lead and it declined along with many of the safe havens, as bullish sentiment started to sweep through the market.
As always I set Wave 5 at the 2.618 Fib but like the market, this too could melt up, if there is concerns, whereby smart money piles into Gold while retail investors keep adding to the US market.
Comments
Would it be possible to update this? Still think this is a pullback and Wave 5 is coming, rather than wave 5 completed but just short of the target?
Brian Dean
2024-12-12 16:38:21 +0000 UTC
