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Gold Futures
Short

GOLD

120
From a greater perspective, I am seeing a truncation of wave 5 and expecting the price of gold to drop all the way to $1400(really pessimistic and ideal view though). However, since it's almost impossible for the safe haven to drop like that, I am seeing gold to drop to the (4) wave of the smaller degree, which is labeled in the chart as well. The short term price I am seeing is $1578.6, and of course, don't forget an SL order.

Good Luck Y'all
Kujo_Qtaro
GoldTechnical IndicatorsTrend AnalysisWave Analysis

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GoldTechnical IndicatorsTrend AnalysisWave Analysis
Kujo_Qtaro

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.