Using wave counting, we are at the end of a non-corrective wave. And most likely to go very low from 3049 or 3052 to 2933 or possibly even lower. If the bulls gain strength with the news in favor of gold, it will probably go towards 3130 and 3200. But for now, let's think about going short.Using wave counting, we are at the end of the non-corrective wave. And probably very low prices from 3049 or 3052 to prices of 2933, possibly even lower. If the bulls gain strength with the release of news in favor of gold, it will probably go to 3130 and 3200. But for now let's think about shorting. Of course, in the four-hour timeframe, a QM ego can also be seen. This is not a signal, this is my mind sharing the chart.
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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.