Gold downtrend started...

As published earlier Gold has respected the last high of 2048 and fell from their in five waves.

Now it is in correction stage. Expect a pullback till 2022 to 2034 in form of correction.

As of now we have wave B in making after completing wave A in three subwaves.

You can take positions for wave C once wave B is complete.

The small picture shows how last week rejection looks like on weekly chart.

Stay safe and trade safe.

Note: The above is not a trade recommendation. Consult your financial advisor before taking any.

Comentarios:

1972 is very imp level.....anybody entered for short term book here.