GOLD BULLISH TO $2,706 (1H UPDATE)
Actualizado
If you lot remember on my last analysis I said I see 2 options for Gold, on how it'll move up towards $2,700. One option was it carries on moving up slowly from CMP towards $2,7000 & the other option was to see a 3 Sub-Wave correction towards$2,600 - $2,590. This'll then be followed by Wave V to the upside.
Right now I am leaning more towards option 2 & waiting for a downside retracement (Wave 4) before buying. This Wave 4 will liquidate all late buyers & trap new sellers, before Gold moves up again.
Right now I am leaning more towards option 2 & waiting for a downside retracement (Wave 4) before buying. This Wave 4 will liquidate all late buyers & trap new sellers, before Gold moves up again.
Operación activa
Gold has reached our buying POI. Great price to long the market!
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