Gold Monthly

    Posted by matt on 19th of Mar 2023 at 03:59 pm

    $GOLD - Chart Link here's the gold monthly, now whether that low was some large 4th wave abc and we are now in 5 or not who knows

    otherwise technically still has that cup and handle look

    the MACD recycle back to the zero level and found support there

    the 60 Stochastic found support near the 50% level

    A cup and handle measures

    Posted by junkie on 19th of Mar 2023 at 07:07 pm

    A cup and handle measures to about $3,100. The EW pattern gives about a $2,200 target (assuming wave 5 is 0.618 of wave 3), which is not too credible. 

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