Gold spiked on February 24, 2022 with a high of 1974.04 leaving a long upper shadow candlestick formation. Intermarket futures trading data and structural calculations indicate gold is in the process of starting a decline that is expected to be similar to that of April 11, 2018 to August 16, 2018. Preliminary calculations show a drop to 1399 is expected.
Intermarket structural analysis research