as it seems gold is in its third wave of Elliot .
we are long gold until price reaches the red rectangle ,
then we will reenter when price finishes its wave 4 until wave 5.
the alternative analysis would be if price breaks the area of wave 2 downward ,
it would indicate that we are in a bear market for gold .
we are long gold until price reaches the red rectangle ,
then we will reenter when price finishes its wave 4 until wave 5.
the alternative analysis would be if price breaks the area of wave 2 downward ,
it would indicate that we are in a bear market for gold .