04/03 Gold Weekly Update

Lookback

The 2hour and daily charts we produced last week stand and the dancing continues.

Gold, 2hour

Last week we did not capture this chart as an idea on Tradingview.

This Week

This week we elaborate on developments and build on the previous chart. We decreased the degree of bearishness on gold as the leading diagonal may be succeeded with a sizable bounce in wave b which can coincide with a sell-off in stocks (at least the initial phase).

Gold, 4hour