BakiShirzadi

After a huge sell-off, Gold will be down for the 5th wave

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OANDA:XAUUSD   金/米ドル
Gold has recently vaulted to record highs, driven by hopes that US lawmakers will approve another trillion-dollar stimulus bill to cushion the economic impact of the coronavirus pandemic. as far as this bill is not signed we won't see a spike up in the prices of gold.

Technically WT principles clearly indicate more downside is left with momentum between waves 1 & 3 has no divergence. suggesting one more impulse to the downside is left.

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