Gold appears to be in a long-term corrective phase, presenting an opportunity to test some shorts. If the Elliott Wave structures on the chart hold, we are likely to see weakness pushing the price back under $2,300.
Keep an eye on this potential move!
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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.