GOLD: The current drop is considered a correction within a bullish trend

or
GOLD: The current drop is considered a continuation within a bearish channel

 

Trash thread title, please make a descriptive title that doesn't pollute with opinion.

 

Yup, what's more bullish than a death cross?

 

Am I the only one, besides OP, who understands EW?

Impulsive trend, very rarely overlapping segments. Corrective, almost all overlapping segments.

 

As long as there is geopolitical instability and wars in the world, gold will rise due to increased demand as the safest and most liquid asset for most large investors.