I guess some of you guys still remember the song Ups & Downs by rap icon Snoop Dogg. At least the Gold does. It even seems like the song is blasting through the Gold's headphones on repeat these days. Against the overarching down trend, it is currently working on an intermediate high. The associated waves [ii] in blue and C in orange should end in the blue zone between $2057.30 and $1983.60. After making this high, the course should continue its movement down south. The next steps on this journey: the support lines at $1967 and at $1888.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.