Gold - Following The Path
Date: 19/03/2026
In our last update we had clearly indicated that the Gold price movement was looking bearish. So far Gold seems to be following our highlighted path (You can check out our previous post) . Remember we are looking for a 5 wave structure on the downside to complete Wave C before we can look at building any long positions.
Even though gold followed our scenario / path I did not encourage people to go short. I always prefer going with the larger trend. Now that we seem to have a fixed idea as to what Gold is doing we will be able to confidently build our longs when the time is right. The rally on the upside (once a base has formed) is going to be a big one this time
Chart below
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Abhishek Kapadia
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Gold - Following The Path
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