Multiple clusters showing in typical 5 wave advance followed by 3 wave correction - needs to break low of 91 to confirm If it does then there are a few levels I would be interested in buying between 67-78...
People thought the golden stock could not fall this far and here we are... the only other alternative could be a triangle forming and the low at 91 holding and providing support it that happened then it could easily rally to 118 within the next 2-3 months
Seeing it is a big chunk of indices this fall is causing damage to broad market as well... which are not looking very healthy right now
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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.