Gold - short-term short (but more upside left)
Gold is close to ATHs again and we are inside the range of what I believe to be a consolidation of a wave 4 of 3 of C. The bigger pattern could be an ending diagonal.
Today is CPI news for the USA. Very important indicator for the FED. Higher inflation could strengthen the USD and briefly send gold down.
I see a lot of overlapping structures with several of 3 wave patterns.
Ofc gold could just continue up which it should but I do wonder if it is not yet time.
A reduction of 25 BP by the FED next week could be a signal to see a new ATH (again).
Today is CPI news for the USA. Very important indicator for the FED. Higher inflation could strengthen the USD and briefly send gold down.
I see a lot of overlapping structures with several of 3 wave patterns.
Ofc gold could just continue up which it should but I do wonder if it is not yet time.
A reduction of 25 BP by the FED next week could be a signal to see a new ATH (again).
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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.