EightyNineWaves

XAU November/December Outlook - Gold To Dip Soon

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FOREXCOM:XAUUSD   Ouro/Dólar Americano
I favor the corrective structure sourced from the August '20 high as a still developing triangle. Alternatively, that correction may have completed at the March '21 low and the higher lows and lower highs since then could be viewed as a series of fractal 1-2s in three degrees. Either way, the implication for the immediate future would be the same:

Gold would top soon and then reverse into either a wave E or 2 pullback to 1800 or lower, after which it should start to make its way back to 2020 highs next year.
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