Gold update Maybe forming right shoulder or Wave 2 of down trend
Price pattern, it is possibility to be head and shoulder
or maybe it is wave 2 of downtrend
Price maybe retrace wave 2 . It is around 1250-1255 (fibo 0.618) for short.
and target close short position around 1311 (1st target fibo 1.618) and 1288 (2nd target fibo 2.618)
or maybe it is wave 2 of downtrend
Price maybe retrace wave 2 . It is around 1250-1255 (fibo 0.618) for short.
and target close short position around 1311 (1st target fibo 1.618) and 1288 (2nd target fibo 2.618)
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