Search

Gold is short

There has been a long-standing argument between our analysis and the movement of gold prices. We've been like a broken record lately - gold is going down we say over and over again.


Still, I cannot see how this pattern will change because so far everything points to one thing - there is less probability for it to break up instead of down.


To make gold bullish the b-c (circled) move should be an impulse (which is not) or form a part of a leading diagonal (possible, but very stretched).


The count is updated to fit the most likely scenario in my view. Invalidation line is truly the last stronghold.


Gold, Daily chart

Want to read more?

Subscribe to www.whitewaterfund.com to keep reading this exclusive post.

Subscribe Now
27 views3 comments