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Bullish 'Fakeout' in Gold Similar To Silver in 2021

Silver / U.S. Dollar (OANDA:XAGUSD)  
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OANDA:XAGUSD   Silver / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis Commodities Metals Gold Silver XAUUSD XAG USD ( Silver / US Dollar) Technical Analysis
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trendanalysis chartpattern waveanalysis commodities metals gold silver xauusd xagusd technicalanalysis
This week's spike on gold to ATH reminds me of silver back in 2021, when "over-crowded" bullish trade caused the opposite reaction. So on gold, can be very similar situation now, especially as a drop from ATH looks like an intraday impulse back to an important 2k area.

Grega
Elliott Wave Service
👉 www.wavetraders.com
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