Gold abcde correction : Bottom for $2100
Gold made all time high $2075. Since than it is making abcde correction which has almost finished.
This complex correction make perfect foundation for gold bullish rally which will make gold new all time high at $2100.
support of this correction being at 1765 and resistance for potential bull market is at $2120.
This bearish movement is result of profit taking at end of year.
buy low at support and sell high at resistance.
This complex correction make perfect foundation for gold bullish rally which will make gold new all time high at $2100.
support of this correction being at 1765 and resistance for potential bull market is at $2120.
This bearish movement is result of profit taking at end of year.
buy low at support and sell high at resistance.
Comment:
multitime frame analysis
