Marjansadeghian

Gold continues to collapse

TVC:GOLD   CFDs on Gold (US$ / OZ)
As you can see in the 4H chart of Gold the bearish trend continues so that it could complete the 4=5th wave of Elliott.
Therefore the first TP would be at fibo cluster which is 78.6 and 50% which is about 1724.51 and 1728.84 and if it does not support Gold very well it would fall even more to the next cluster which is 1707.15
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