Gold corrective in progress towards sub $1810/30
Gold most likely completed 5 waves at $1875 yesterday, marking an impulse Wave (1). Ideally a 3 wave corrective drop likely to unfold towards at least $1830, and up to $1805/10 levels from here. Thereafter a sharp rally through $1950/65 as Wave (3) unfolds.
Short term bearish through $1810/30 levels.
Short term bearish through $1810/30 levels.
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.