Bearish Alt-Bat On The Monthly Entering Years Long Bear Market
Gold could be due for a years long correction down to A level at $1052 as that is the target of this Bearish Alt-Bat given the circumstances i wont be looking for any bullish setups on gold in the long-mid term only bearish ones.
This probably isn't a good sign for extended commodities either, the only commodities i will look for signs of bullishness in are undervalued ones like copper.
This probably isn't a good sign for extended commodities either, the only commodities i will look for signs of bullishness in are undervalued ones like copper.
Comment:
Gold has failed to break above the PCZ of this Alternate-Bat 3 times now. I think at this point it would be worth lowering my target on this to the mid $200s
