Currently believe we are Bullish in Gold but now due for a Correction. If analysis is correct am looking for a 5 wave move down to end a "C" wave plus a larger "B" wave. Roughly at the 1206.00 area. Looks quite Bullish as this correction would be an "Expanded flat" or a running correction. If this happens we could get an extremely strong move Up. (The "C" wave or wave #3) Looking for a Break of the yellow trendline (Perhaps a good scalping oppurtunity)
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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.