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Linda Raschke: Gold fails to rally after three declines, shallow corrective rhythm observed

Linda Raschke: Gold fails to rally after three declines, shallow corrective rhythm observed
Gold fails to rally, corrective move seen

Linda Raschke, founder at LBR Asset Management, observes that gold has failed to rally despite three consecutive declines.

She describes a shallow A B C corrective rhythm in gold, stating that a selling climax has not yet occurred.

Raschke previously maintained a bullish stance on gold and indicated buy signals in Russian stocks, as reported in an earlier article. She also identified a wide range reversal sell signal in crude oil following a range expansion climax in a separate update. Her recent comments reflect a continued focus on trend signals across commodities.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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