Gold can go for more fall...
Updated
Hi all,
Hope everyone are doing great.
As we can see that Gold international is in correction phase.
Since it is in a triangular correction phase pending wave Z is not yet done.
Expecting Gold to complete the wave Z and resume the down trend.
On Weekly chart too we see rejection from 2000 level.
Enter as per your risk and reward calculations.
SL for pattern is 2012.
Short term = Up
Long term = Down
Stay safe and trade safe.
Note: The above is not a trade recommendation. Consult your financial advisor before taking any.
Hope everyone are doing great.
As we can see that Gold international is in correction phase.
Since it is in a triangular correction phase pending wave Z is not yet done.
Expecting Gold to complete the wave Z and resume the down trend.
On Weekly chart too we see rejection from 2000 level.
Enter as per your risk and reward calculations.
SL for pattern is 2012.
Short term = Up
Long term = Down
Stay safe and trade safe.
Note: The above is not a trade recommendation. Consult your financial advisor before taking any.
Note
SL is hit.
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