Gold: The Pattern of higher lows is in danger (May 17, 2022)

In the last 2 years’ chart, the market looks like a rounding one. What looks like a double top at the all-time highs has been confirmed. This year’s action looks like a reverse “V”. Longs want to stop the market from making a new 2022 low as this would cancel the pattern of higher lows. Overall a mixed picture in the post-pandemic period. Watch my video for more:

This post is educational and is not investment or trading advice. Manage your risks.