Gold - Elliott wave downtrend first target 1670
We are already in 5th wave of the downtrend targeting 1670 as per elliott wave analysis. 1670 is 1.618% extension... and as per elliott wave analysis the final bottom for this downtrend is coming around 1589 . Hence if you are long be cautious.
The chart that is shared has elliot wave marking for the current down trend which started at around 2075...and looks like we have completed wave 4.
We are already in 5th wave of the downtrend targeting 1670 as per elliott wave analysis. 1670 is 1.618% extension... and as per elliott wave analysis the final bottom for this downtrend is coming around 1589 . Hence if you are long be cautious.
The chart that is shared has elliot wave marking for the current down trend which started at around 2075...and looks like we have completed wave 4.