GOLD possible full WXYXZ correction
After the strong impulsive trend started in November of last year, Gold is currently in correction mode. If the metal makes fully WXYXZ correction, we should be expecting one more strong correction wave to finish the Z wave. Not anticipating strong up movement until the resistance line broke.
In lower time frame, gold is in range play and it is better to wait for the breakout. I would recommend entering a sell position on the resistance line or wait for a strong downward move and enter on the pullback.
In lower time frame, gold is in range play and it is better to wait for the breakout. I would recommend entering a sell position on the resistance line or wait for a strong downward move and enter on the pullback.
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