GS1 - GOLD COMEX Reversal Scenerio

COMEX:GC1!   Gold Futures
Hey y’all, i charted a possible bullish play that could potentially lead to some upside regarding GS1! Here we potentially have a alternate XABCD that’s below the typical pattern completion zone of the 786 and 886 fib retrace ratios. We are showing Class A Bullish Divergence on both oscillators IEW the RSI and MACD showing seller exhaustion and negative momentum winding down. We may see price action start to make a push upwards and go green in the next coming weeks… just my opinion on a possible outcome..

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.