Gold downtrend started...
Updated
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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