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

XAUUSD

 


 

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