After reading an analyst's conclusion that there was no bearish scenario for gold (after a trend-line bounce on the 3rd of July) I thought it may be worthwhile to have a look myself. My belief is that there is always a bearish and a bulish view, certainty has little place in markets. Here it is for whatever it is worth - solely an exercise in technical analysis.
I am not an industry professional etc etc.
I am not an industry professional etc etc.
Note
A 1.618 extension of wave (v) would be very close to a 1:1 extension of wave (A) down. Now, if I can see how to add charts to this idea I will add additional explanation to this bearish view and also a bullish view.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.