Probably this 2089$ attack of gold has happened due to Covid-19 extremity, drifted it from the oval route. Upper extremity usually follows with lower extremity for equilibrium state and back to route as well, market is balancing itself.
In longer run it is extremely Bullish as expected. (Some of you could hate the idea, but it's perfectly fitting with EW & Fibo statistics. Just keep it in the pocket.)
EDIT: It's also supporting the idea of giant-leading diagonal in weekly/monthly logarithmic chart. That is how the gold will complete it's rally.
In longer run it is extremely Bullish as expected. (Some of you could hate the idea, but it's perfectly fitting with EW & Fibo statistics. Just keep it in the pocket.)
EDIT: It's also supporting the idea of giant-leading diagonal in weekly/monthly logarithmic chart. That is how the gold will complete it's rally.
Order cancelled:
MISCALCULATED (Logarithmic Chart with Regular Fibonacci)
CANCEL.
CANCEL.