lfnt

lfnt

3 wave correction into the golden pocket after impulsive move up

lfnt

Interesting how the PA from the early 2019 daily chart is fractal to the current PA on the 4H chart.

lfnt

- major support level - 0.618 fib level - MACD divergence - declining volume during correction

lfnt

The popular negative correlation between the stock market and GOLD doesn't look as clean as many people might think. - When the stock market starts a significant correction, GOLD doesn't necessarily react bullish immediately. - There are periods where the correlation is positive - During the financial crisis beginning 2008 GOLD didn't work too good as a trade...

lfnt

I expect another leg down to finish this multi year correction before we could start a next bull run in GOLD and SILVER. This goes in line with my expectation that the USD and equity markets are going to climb up in the near future before experiencing a significant de-leveraging.

lfnt

possible Swing Failure Pattern with bullish divergence

lfnt

potential breakout from rising wedge after fakeout

lfnt

beginning of wave C MACD divergence on the 1M

lfnt

extended up-trend major resistance 0.618 fib level MACD divergence on the 4H