My analysis showing that gold is in a Down-trend since Aug. 2020 and about to finish its Elliott's corrective wave C targeting (1,680 - 1,500).
Stochastic showing downtrend strengthening and continuation.
Recommendation: Medium-term Investors (1-3 Months)
Seek for Selling opportunities
Stop loss @ 1,791.00
TP for 1st position @ 1,692.00
TP for 2nd position @ 1,600.00
TP for 3rd position @ 1,500.00
Stochastic showing downtrend strengthening and continuation.
Recommendation: Medium-term Investors (1-3 Months)
Seek for Selling opportunities
Stop loss @ 1,791.00
TP for 1st position @ 1,692.00
TP for 2nd position @ 1,600.00
TP for 3rd position @ 1,500.00
Note
MACD also showing strengthening in downtrend.
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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.