The fractals of $Gold and $indu is strikingly similar.
if the same $indu fractal plays out, $Gold downside target is around 650. Both $indu & $gold support at a little below blue "wave-2".
the best case is a little marginal new high. but with the red medium pitch fork already hit the target price, and the blue pitch fork broke down, i doubt it would go any higher.
disclaimer, i don't trade or hold any $gold, gld or related. only research on the fractals.
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