Gold seems to have reversed near the earlier mentioned invalidation level around 1241.50 .
As of now it seems to be moving for a Wave 2 retracement near the red support region.
SL is still to be kept at Invalidation level.
I will update further as this market progresses.
As of now it seems to be moving for a Wave 2 retracement near the red support region.
SL is still to be kept at Invalidation level.
I will update further as this market progresses.
Note
See how aggressively buyers jumped in at the support level.
Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Related publications
Disclaimer
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Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Related publications
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.