Gold might be starting the 5th impulsive wave and medium-term price targets are pinned.
This is not a financial advise
Kommentera
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Gold, following the plan, for short-term $1957 is an important level to watch closely. Could act as a resistence, and price might re-visit the red trend support to form a potential inverse H&S as indicated.
sure gold is in the uptrend, but your count is off. Wave 1 cannot overlap with the end of wave 4. Plus your wave 2 is based off of fundamentals (the Coronavirus Crash).
jdouglas020
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Finally someone looked at the 3 year chart - the traders are making calls off week and day charts - the cart is front of you is correct Gold has been in an uptrend since early 2019. The move to 2500 is very likely. The same is true on the silver chart