I have analyzed the strongest bearish rallies on gold since 2017. What I noticed is that both the selloff of 2018 and 2020 made gold lose almost 15% of its value.
a new bearish rally that started in august has already corrected the price by 10%. Even though the trend remains sharply bullish , it looks like we still have a potential here to lose 5% more.
It is not a trading recommendation but rather an observation.
do you agree?