AlanSantana

🥇 Gold | Likely Peaked (1960 followed by 1900 | Lower Mid-term)

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
No new highs in November vs May 2023, a lower high instead.

Gold (XAUSD) is likely headed towards 1900, it can easily stop and range for a few days at 1960 first. In the medium-term it can go lower. It is still early though, this is the first day red.

âž– October through November growing.
âž– Early 2023 bullish wave;
âž– Mid-2023 correction with consolidation ending in a higher low...

The same pattern repeats across multiple markets, basically all the same.
âž– Stocks, Crypto, Forex, Indexes... The ones that are not the same move inversely, we are talking about the big ones because there are tons of variations around.

This is an early call, as usual but it is likely to hit.

Namaste.

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