As per Elliott Wave perspective it seems that GOLD recently has finished five moves down. After every five moves, there are 3 corrective move which is called Corrective Wave. Since we are at the beginning, we can opt for Buy Trade. So aggressive traders may enter in long trade with very tight stop loss of 1167.
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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.