Gold is currently on triangle correction that is preparing for upside strong trend. As elliot wave theory it should be ending the E wave of triangle, and next big move will come. B wave is finished on exactly 61.8% of A wave and D wave is also retraced exactly 61.8% of C wave. Remember that it is hard to anticipate where would E wave ends, also it is long-term holding trade idea.
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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.