On this chart we can see head and shoulders, which is a bearish pattern.
Take the short position once the breakout of the neckline occurs.
Stop loss should be set above the right shoulder.
Target is shown on the chart.
Monthly Elliott wave analysis of GOLD Futures in COMEX
today's fall below $1673 is a bearish sign
C3 wave will bring this yellow metal to $1444 this year which is Overall bullishness intact price
let's see how interest rate & inflation changes the Price action of gold
Hi everyone,
We are hitting a series of 4's making me believe that we are nearing a bottom provided that we make a 'soft landing' in a sort of diagonal style instead of accelereting once more.
If this is the case and if we are in a last wave down to complete our structure we need 5 smaller waves down.
The minimum target is 1370 USD per Ethereum ranging untill...
The waves are there for a minute fourth combo correction, and considering BTC is also aiming to penetrate resistance we may finally see some relief for LINK.
Also particularly interesting that (y) landed basically on 0.50 of the minute third.
NFA, DYOR
![LINKUSDT: [EW] LINK correction maybe over 😪](https://s3.tradingview.com/g/gsFbkx4w_mid.png "[EW] LINK correction maybe over 😪")
