Elliott Wave Analysis: Gold Can Face Some Corrective Retracement In The Near-term
|Gold is trading near the highs, but we see metal in fifth wave of an impulsive structure from Mar 10, so pair can be trading in late stages of an uptrend. Therefore be aware of a turn lower into a three wave set-back that can show up by the end of the month.
GOLD, 4H
Take Your 1€ Trial Today And Get Similar Forecast Daily On 18 Markets at - EW-Forecast.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.