Gold is currently in a downtrend forming an Elliott wave. It has completed its wave 3 and is currently on wave 4.
We expect the wave 4 to complete at 50% retracement of wave 3.
A bearish move, wave 5, can be expected on completion of wave 4.
We expect the wave 4 to complete at 50% retracement of wave 3.
A bearish move, wave 5, can be expected on completion of wave 4.
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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.