Disliked{quote} This is the number one question...where is gold headed? According to elliott waves... there is a conflicting opinion too... bearish on the weekly chart count but bullish on the daily chart count... According to the daily count we have seen a double bottom and are completing 2nd corrective wave... but on the weekly chart we are in a bearish abcde triangle which calls for more downside!Ignored
For now we're ranging… looks like we might be bottoming for short term… maybe another move back up to 1300-1306 next week.. after grinding out a bottom 1280-1285 levels.