Bearish Alt-Bat On The Monthly Entering Years Long Bear Market
Gold could be due for a years long correction down to A level at $1052 as that is the target of this Bearish Alt-Bat given the circumstances i wont be looking for any bullish setups on gold in the long-mid term only bearish ones.
This probably isn't a good sign for extended commodities either, the only commodities i will look for signs of bullishness in are undervalued ones like copper.
This probably isn't a good sign for extended commodities either, the only commodities i will look for signs of bullishness in are undervalued ones like copper.
Note
Gold has failed to break above the PCZ of this Alternate-Bat 3 times now. I think at this point it would be worth lowering my target on this to the mid 200s
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.