gold still in a bearish trend and soon he will finish wave 5 and than we can see a bullish reaction. Last week we just broke the triangle (wave 4) and we are now going lower with target around 1,083 (0.50% fib of the record low and record high). Also watch the trend line (blue line) which is working very strong as support.
Also keep in mind that this is a long term view, if you trade short term, this is not ideal for you.
Also keep in mind that this is a long term view, if you trade short term, this is not ideal for you.
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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.