Gold came sharply to the upside as a "safe haven" asset based on the latest events in Ukraine. Higher inflation is also one of the reasons for higher metals. We have seen gold coming above 1916 on a daily chart, so this can be a break towards a new ATH. However, after recent sharp decline in the 4-hour chart, we should be aware of a deeper (A)-(B)-(C) pullback based on two different daily interpretations as we see the price coming down from the highs into first leg (A). So, after a corrective rally in wave (B), be aware of another drop for wave (C) before a bullish continuation
GOLD 4h Elliott Wave Analysis
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