According to my EW count gold will begin new downtrend soon
Unpapular opinion:
It may seem strange, but the price of gold should be much lower than the current price, the structure of the chart tells us that gold may fall with the collapse of other markets, which is contrary to public expectations.If gold break 1350 area ,wait for 1000$.
Ass you can see whole of this structure is big flat correction.
Also we have nagative divergence on weekly which is confirmation for Strat of the new downtrend.
It may seem strange, but the price of gold should be much lower than the current price, the structure of the chart tells us that gold may fall with the collapse of other markets, which is contrary to public expectations.If gold break 1350 area ,wait for 1000$.
Ass you can see whole of this structure is big flat correction.
Also we have nagative divergence on weekly which is confirmation for Strat of the new downtrend.
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