Gold (spot) – January 23, 2023

Line in the sand for me along the lines of the “bearish gold case” is that the red rectangle is an expanded flat. At times, the “c” wave can go 2.618*a and that’s just a little higher along w/ the 1.732 (square root of 3) extension target.

For those looking to short, recommend waiting for a daily close below 1879 (red horizontal line) Sitting my hands until then …

For now, believe gold has topped or is topping out …

Bart

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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