Gold to be watch, if a correction down to break-out 1338-ish.
Updated
I could be announcing it as a shorting-strategy, but I will more use neutral, b.c. my indicators are not showing any bear divergence yet, like we have in silver weekly.
It's more the formation and a try to wave-label it.... but also here I'm not 100% sure if it's correct yet. So a lot uncertainty right now.... and the US-indices marked also is at a high and uncertainty territory. Perhaps gold looks more like i rising wedge-formation ?? we will see.
It's either an (blue) ABC-correction up here, or it's a (green) more 1-2-3-4-5.....
It's more the formation and a try to wave-label it.... but also here I'm not 100% sure if it's correct yet. So a lot uncertainty right now.... and the US-indices marked also is at a high and uncertainty territory. Perhaps gold looks more like i rising wedge-formation ?? we will see.
It's either an (blue) ABC-correction up here, or it's a (green) more 1-2-3-4-5.....
Note
Daily tells a bear divergence in all 3 indicators, so perhaps it slows down the price.
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