Gold has beed trading in a ranging market however in a grand corrective cycle.
that means the biased direction is to the downside in order to finish from the third corrective leg near 1805- 1776 $ per ounce.
meanwhile gold is retracing upwards in a 3 waves pullback, we will be looking for short positions near 1914-1917 level with respect to a stop loss
above 1923$ per ounce.
targets are open for now, however 1805 is insight.
that means the biased direction is to the downside in order to finish from the third corrective leg near 1805- 1776 $ per ounce.
meanwhile gold is retracing upwards in a 3 waves pullback, we will be looking for short positions near 1914-1917 level with respect to a stop loss
above 1923$ per ounce.
targets are open for now, however 1805 is insight.