Following my previous gold chart
I would hope for a retest of $1950 before a dump until after the election, after a propped up economy ($) helps re-elect DJT.
We have a nice Elliot wave in play with a break of support now turned resistance and with a fib retracement from the last LH to the last LL / Waves 2 - 3.
After the world has clarity after November, I think that is when we will see the true value of Gold, cryptos etc.
Check how these zones hold up and the cross point on 12th October, IMF is also revaluing their SDR between 12th - 18th of this month.
Hope to see this unfold and a drop in Gold for a great chance to buy before a major surge which is well overdue.
This also aligns with Silver's chart which I will post soon, a very clear retracement is due aiding a bearish bias for the short term.
I would hope for a retest of $1950 before a dump until after the election, after a propped up economy ($) helps re-elect DJT.
We have a nice Elliot wave in play with a break of support now turned resistance and with a fib retracement from the last LH to the last LL / Waves 2 - 3.
After the world has clarity after November, I think that is when we will see the true value of Gold, cryptos etc.
Check how these zones hold up and the cross point on 12th October, IMF is also revaluing their SDR between 12th - 18th of this month.
Hope to see this unfold and a drop in Gold for a great chance to buy before a major surge which is well overdue.
This also aligns with Silver's chart which I will post soon, a very clear retracement is due aiding a bearish bias for the short term.