DailyMarketUpdate

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Short
COMEX:GC1!   Gold Futures

Looking at the Gold Chart, there isn't much we could add. The chart says it all. We think that wave 3 in green is completed, and at the moment, the corrective wave 4 is underway. After wave 4, we expect the downtrend to continue. The target is the area at around $1800. Our scenario is valid as long as we do not reach prices above $1908. Should the bulls break this resistance, prices at around $2000 have to be considered. Take a look at our last update and how beautifully price action followed our indications on the chart. We are always amazed at how accurate Elliott Waves can be.

What are your targets for Gold?
✌️ Happy Trading! ✌🏾

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