Gold Friday, 13, 2019 Intraday Crash Update

 

So far gold is still on its way heading south with more to come. The US dollar has also made some bearish gyrations but so far gold has ignored the USD.

Stocks could head south and gold can do the same thing. What gold needs to show us is a clear correction well before $1380 as this has price support of a previous 4th wave. This correction must hold with gold soaring again to new record highs, that will kill my bearish wave count.

There are no daily limits in all commodities so gold crashes it can make dramatic moves that some investors do not understand.  I like that about gold and silver because bearish moves happen faster than bullish moves do.

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