Gold might need a retrace
Gold meets a big resistance at 1277~1284 area. The indicator also shows a divergence. From EW analysis, it seems gold have finished the five waves up of the extensive intermediate wave 3.
Now the bull might have a rest and go back to 1238 first and then back to 1214.
Notes: if it breaks up 1277~1284 area, this analysis will be invalid!
Good luck for everyone!
Now the bull might have a rest and go back to 1238 first and then back to 1214.
Notes: if it breaks up 1277~1284 area, this analysis will be invalid!
Good luck for everyone!
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