Another leg lower for gold with inflation as the kicker.
↳ In 2018, the original bullish gold chart began the entire move. The triangle breakout and has been very impulsive.
↳ On the weekly, support comes in at $1676 and $1518 below as the main MT swing target for the ABC sequence inside a multi-year five wave pattern.
↳ For those on the bid, a daily close above $1765 would call into question the bearish view.
↳ In 2018, the original bullish gold chart began the entire move. The triangle breakout and has been very impulsive.
↳ On the weekly, support comes in at $1676 and $1518 below as the main MT swing target for the ABC sequence inside a multi-year five wave pattern.
↳ For those on the bid, a daily close above $1765 would call into question the bearish view.
