Gold is now in medium bearish trend. However, from 8 hrly TF, it's now on the 5th leg of Elliot wave. We could see a initial price drop today followed by quick reverse back after CPI data release. I don't have a good level for price to bounce from. Let's see the PA on lower TF then.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.