Commodities Analysis and Opinion
Gold: The Pattern Of Higher Lows Is In Danger
2022.05.17 11:45
Gold‘s price action over the last 2 years (see chart) looks like a rounding one.
What looks like a double top at the all-time highs has been confirmed. This year’s action looks like a reverse “V.”
Longs want to stop the market from making a new 2022 low as this would cancel the pattern of higher lows.
Overall a mixed picture in the post-pandemic period.
ZG Daily Chart
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