Gold moving up as expected (Elliott Wave Analysis)
Updated
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.
Comment
See how aggressively buyers jumped in at the support level.
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