#GOLD has a risk of a corrective decline | XAUUSD
#Gold, after almost 2 weeks of rallying after NFP friday which declined to its last tested low of 1810 had sharply rose to as high as 1962 amidst geopolitical tension in Israel-Palestine.
By elliott wave principle, there already occured potential 5-wave structure in an impulsive nature. Afterwhich the safe haven metal could potentially is susceptible for a decline in a 3-wave form which could either be a (1) flat, (2) zigzag or (3) complex.
Key Levels for next Long opportunity would be the 1900 psychological level.
By elliott wave principle, there already occured potential 5-wave structure in an impulsive nature. Afterwhich the safe haven metal could potentially is susceptible for a decline in a 3-wave form which could either be a (1) flat, (2) zigzag or (3) complex.
Key Levels for next Long opportunity would be the 1900 psychological level.