Gold Spot / U.S. DollarUpdated Gold downtrend started...
As published earlier Gold has respected the last high of 2048 and fell from their in five waves.
Now it is in correction stage. Expect a pullback till 2022 to 2034 in form of correction.
As of now we have wave B in making after completing wave A in three subwaves.
You can take positions for wave C once wave B is complete.
The small picture shows how last week rejection looks like on weekly chart.
Stay safe and trade safe.
Note: The above is not a trade recommendation. Consult your financial advisor before taking any.
Now it is in correction stage. Expect a pullback till 2022 to 2034 in form of correction.
As of now we have wave B in making after completing wave A in three subwaves.
You can take positions for wave C once wave B is complete.
The small picture shows how last week rejection looks like on weekly chart.
Stay safe and trade safe.
Note: The above is not a trade recommendation. Consult your financial advisor before taking any.
Note
1972 is very imp level.....anybody entered for short term book here.
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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.
Related publications
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.