Strong sell sounds a little harsh to me. Potentially many bullish things happening that might propel gold higher, but nothing is certain of course. My guess is more of a sideways movement for some time, but let's see! This is more from a fundamental point of view, of course.
On the technical side, it is not really clear that this was an extended 5th to me. My understanding of Elliott waves is that it makes more sense to look at percentage movements or log scales when dealing with larger time frames. On that note, wave 3 was clearly the longest. So in that case, maybe the correction is about done?
What do you think? And thanks, keep up the good work.
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