#Gold another bearish leg possibility
In the 1H timeframe, it appears that price has completed a 5-wave bullish impulsive move, which may now be followed by a 3-wave bearish corrective move.
So far, we have observed legs A and B of this bearish correction, but wave C has yet to form.
Therefore, as long as price remains below 2747, we can anticipate this bearish move to unfold.
So far, we have observed legs A and B of this bearish correction, but wave C has yet to form.
Therefore, as long as price remains below 2747, we can anticipate this bearish move to unfold.
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Related publications
Disclaimer
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.