Gold have completed a 5 wave move to the downside that completed a Bearish impulsive wave. In my opinion that 5 wave move down tell us we are in a underlying bearish trend on this time frame. Price is currently giving us a corrective structure "W-X-Y", I am looking for this correction to end early this upcoming trading week and we shall see another significant drop below 1540
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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.