ShaneHua

ShaneHua

Shane (CEWA Level II, III in progress), Bottom line: Gold will drop in price lower. The broader context is showing weakness in the Bull market as price action has continued to move lower over the past few days. The general outlook for Gold is bearish with wave 5(Circle), while prices maintain lower than 2050.95.

ShaneHua

Analyst: Shane (CEWA - Level II, III in progress), Bottom line: GOLD may continue to fall lower with wave 2(circle). The broad backdrop is bullish with wave iii, while the near-term outlook is for a dip lower to complete corrective wave 2. Price should remain lower than 2078.975, possible downside target at 2051.732.