10 Jun 2020 ● 07:52 AM
Gold bottomed near the 4th wave low of $ 1668 and that is usually sufficient enough. The decline appears like a flag with a breakout above 1734 on a closing basis. I really we should also get the daily momentum to cross over to the buy side to confirm that a larger 3rd wave has started. If the entire advance from 1450 to 1764 is taken as the 1st wave then 3 = 1 = 2020, which can take us back to all-time highs for gold.