2700 2750 could see some Decent profit booking for Gold, as it would mark the end of Impulse wave 5 of This Elliott that started at 1600.
Note
As mentioned in the comments section previously.2590 2550 value area to long for the Mini Wave 5 of the Bigger Wave 5
Note
Near the 2700 zone expect a exhaustion around 2700 2750 zoneNote
Gold at decent support of 2600 Look for price action around 2600 to long
Note
2700 done!Note
Gold may have started to show signs if weakness around 2740 2750.. Observe if it rejects from this zone or near by 2750 on daily or weekly time frame
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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.