Gold Heading Lower
XAUUSDGold is completing an abc correction form the recent top and will resume its downtrend to about $1250 in final wave c to complete its decline from 2011. I do not think that the recent advance is an impulse that will ultimately take us to new highs, but rather a corrective abc structure that will soon pan out.
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.