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Jan 12 (edited) • Charts + Analysis 📈📊
Gold Finally Breaks Out!
Date: 12/01
We've finally gotten a confirmation on Gold. In our last post we'd shared 2 scenarios with key levels on both sides which we were waiting to be breached. Seems like our bullish scenario is playing out now with 4274 forming the 4th wave low and the 5th wave moving up in an impulse from there.
This last dip down did not break into wave 1 territory and held gold's bearish breakdown level. Sharing a daily and 4H chart below.
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Gold Finally Breaks Out!
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