Analyst: Shane (CEWA - Level II, III in progress),
Bottom line: GOLD may continue to fall lower with wave 2(circle).
The broad backdrop is bullish with wave iii, while the near-term outlook is for a dip lower to complete corrective wave 2. Price should remain lower than 2078.975, possible downside target at 2051.732.
Bottom line: GOLD may continue to fall lower with wave 2(circle).
The broad backdrop is bullish with wave iii, while the near-term outlook is for a dip lower to complete corrective wave 2. Price should remain lower than 2078.975, possible downside target at 2051.732.