Gold had a parabolic run up and a disaster drop

By The Backyard Burner

Gold should completed the A correction wave of a large part. Currently expecting a B wave up to the trendline before a C wave occured. The gold price is right at a major H4 uptrend line. The trendline should hold the bearish down wave. If the trendline is break, expect the C wave to be occurring.

Gold consolidating sideway

By The Backyard Burner


Gold price now maybe in wave 4 retracement after a sharp rally. The price may drop back to 1525. However, drop the view if price break above all time high resistance.