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Elliotwaveprojection

PMs - ELLIOT WAVE FORECAST - Gold $GOLDHere is a brief Elliot Wave Perspective on gold: - Short term outlook is quite bearish. - It correlates to bullish outlook on equities. I think we have some short term upside until EOQ1 or Q2 on equities. - It looks likely that we are on Wave 5 which will reach a high of $2275 USD Bullish scenarios are: - 1900 High was Wave 5 and we are on a new motive wave (Most Bullish). - Bouncing at 1600-1700, breaking out of the rising wedge in the short term without retesting the bottom, confirming a new motive wave. - The current wave 5 will be extended to 3000, but in this case we will still have a correction in the short term (Med term Bullish). I am a believer that financial markets move the world, and precedes "news"... From this forecast, we can also speculate that Biden will have a 4year term. This trend also aligns with the Smart City bubble ($90T USD projected MCap) which should begin in 2030.
TVC:GOLD
by UnknownUnicorn1043646
1
Deep ABC Downtrend forming! 1st Comment has link to chartLeading Diagonal (Elliot Wave) is forming on 1 hour time frame which will lead to a large downtrend, trade appropriately! I'm not a professional, just someone very good at seeing patterns and correlating data. Please use due diligence and do your own research/confirmations on this data. This information is for speculative/educational purposes. If this saved or made you some money, please consider tipping as I lost a decent chunk of money trading this unfortunately until I realized what was forming! Comment if this data was helpful. Good luck trading!
Short
by Stockguy0415
1