McDonald’s Corp.(MCD:NYSE) Elliot Wave Technical Analysis 15 November 23
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10/06/21 10:53
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By Carl-Gustav · Posted
Thanks for sharing @THT I highly doubt that gold will fall below the 1900 level, which is the lowest support level on the monthly time frame. Right now, the current pullback in gold is nothing but a FALSE MOVE to the downside which ALWAYS takes place before a REAL BREAKOUT. This FALSE MOVE can last no longer than 1-3 time units and is simply the REQUIRED movement of markets. Gold is setting up for a major sling-shot to the upside. -
Had this on my chart (daily) for a long time Next watch for one of those 2 scenarios above unfolding THT
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