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Piyasa

GOLD - BEARISH TO $3,800 (UPDATE)

GOLD - BEARISH TO $3,800 (UPDATE)

Gold / U.S. Dollar FOREXCOM:XAUUSD

After the strong bullish breakout on Gold, we've been seeing a nice continuation to the upside. I'd preferably like to see Gold buyers start slowing down & sellers slowly coming back into the markets just to make price dip a little lower.

Remember we're expecting '5 Sub-Wave (A,B,C,D,E) Flat Correction'. For this move to occur we need short term sellers to come back in, drop price lower & create a range bound sort of market structure, before moving up again as part of its 'temporary buy cycle'.

Target 1 - $4,700✅
Target 2 - $4,300✅
Target 3 - $3,800

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