GOLD. A price decrease in wave (c) is likely.
It is likely that the trading instrument will decrease in wave (c) with initial targets in the area of accumulation of PUT option contracts, with which professional market participants hedge their BUY futures transactions, in the amount of 840M and 838M. Upon reaching these levels, it is very likely that a corrective growth will occur, followed by a continuation of the decline already in the area of 1700, where there are accumulations of PUT option orders in the amount of 2.5B, as well as the level of hedgers (professional market participants whose goal is solely to hedge the currency risks of their clients).
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