It is still too early to determine which form wave (iv) will take but based on the formation of wave (ii), we should expect wave (iv) to become either a bullish triangle, flat or irregular type correction…
For 2025, 43 trading weeks are now complete. Therein, Gold has compiled 31 up weeks (+2.2% average gain) and 12 down weeks (-1.9% average loss). Indeed, 11 of the past 13 weeks have been up.
Regardless of the longer-term fundamentals for gold and silver which we know are spectacular, we can expect them to take a hit from temporary dollar strength and correct...
With respect to Gold potentially correcting at least over the near-term, the above graphic’s graveyard regardless reminds us that “Shorting Gold is a bad idea.”
