The recent spike up has taken Gold to the top of its mlti-year channel. Breaking through would be very bullish but I expect some reaction from the top of the channel.
Sentiment is overly-bullish and overbought due to recent safe-haven buying.
The Elliott Wave count allows the development of a sideways wave (IV)
I have to favour a pause in the bull market here - barring a continued “crash” upwards.
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