Gold has reached $2,702 target for the week in its seemingly
unlikely recovery, if you only view charts. Based on the state of
the physical market, this was expected. $2702 is the 61%
retracement of the move up. If gold goes past $2740-ish, odds of
wave 4 being completed will increase. Trading the market and not
its chart is the key for gold!
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Gold has reached $2,702 target
Posted by junkie on 22nd of Nov 2024 at 08:20 am
Gold has reached $2,702 target for the week in its seemingly unlikely recovery, if you only view charts. Based on the state of the physical market, this was expected. $2702 is the 61% retracement of the move up. If gold goes past $2740-ish, odds of wave 4 being completed will increase. Trading the market and not its chart is the key for gold!