Bearish Alt-Bat On The Monthly Entering Years Long Bear Market

Gold could be due for a years long correction down to A level at $1052 as that is the target of this Bearish Alt-Bat given the circumstances i wont be looking for any bullish setups on gold in the long-mid term only bearish ones.

This probably isn't a good sign for extended commodities either, the only commodities i will look for signs of bullishness in are undervalued ones like copper.

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Gold has failed to break above the PCZ of this Alternate-Bat 3 times now. I think at this point it would be worth lowering my target on this to the mid $200s