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Gold, Latest Perspective. Starting to Turn Bullish!
Gold declined overnight as expected, dropping directly to the 4800 level. My recent prediction of the 4900 target was reached on schedule, and this downtrend can be considered concluded. We are now officially starting to turn bullish.
Currently, a large bullish candle has appeared at the gold bottom, and it has also strongly halted the downtrend. I feel there are no issues with turning bullish now. At the same time, bottom fishing is my strongest area of expertise, positioning for 5100.
Long around 4847, targeting 5000, swing trade targeting 5100.