$GOLD May Find Support Here

$GOLD has a couple of short-term technicals coming together here. It is approaching the 50-61.8% retracement of the prior advance (orange box below) and the 50% retracement (top of that box) also coincides with equal legs parity between C and A as I have it hypothetically labeled here. If this is only a correction, it may find support here and, at a minimum, may rally to the orange box above us.


[UPDATE]: Since this post effectively marked the end of that leg of the correction, and since we got the expected rally, I will file this under “Successful Calls.”


Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.

One thought on “$GOLD May Find Support Here”

Leave a Reply

Your email address will not be published.