Gold - Correction over as DXY weakens?
I have been waiting for Gold to put in a new low below 3935 but perhaps the low is in and the trend upwards will resume.
It's not clear but it seems to have strong support above 4000. The geometry creates an interesting confluence of price using trend lines and pitchforks.
Reasons to enter the market:
Geometry
Pitchforks and trendlines point to confluence of price
Support
Strong Support around 4000
Reasons to wait
Elliott Wave
This is not clear wave count is incomplete
News
The most stupid war is unresolved
Weekly with COT data