Short
GOLD. Decline from 50%-61.8% Fibo range.
The GOLD trading instrument will most likely continue its decline from the 50%-61.8% Fibo range within wave (C).
The downside targets are the huge accumulation of PUT options that CME professional participants use to hedge their futures contracts at the 1750, 1720 and 1700 levels.
At the level of 1750, at the moment, there are hedgers (professional market participants whose goal is solely to hedge the currency risks of their clients), which once again confirms the likely downward movement.
The downside targets are the huge accumulation of PUT options that CME professional participants use to hedge their futures contracts at the 1750, 1720 and 1700 levels.
At the level of 1750, at the moment, there are hedgers (professional market participants whose goal is solely to hedge the currency risks of their clients), which once again confirms the likely downward movement.
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