MarketIntel

Gold: Shaken, not stirred 🍸

COMEX:GC1!   Gold Futures
Like James Bond, gold seems to prefer shaking to stirring, as its recent movements suggest. In the course of wave B in turquoise, the metal has been bucketed about quite thoroughly and still has got some room left to expand the current ascent. As soon as wave B in turquoise is finished, though, gold should turn downwards and resume the overarching descent by developing wave (4) in yellow. However, there is a 35% chance that the precious metal could use the turquoise zone between 1830 and 1709 as an early exit, completing wave alt.2 in turquoise and shifting upwards from there.
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