CME-Elliot

GOLD. A price decrease in wave (c) is likely.

Short
It is likely that the trading instrument will decrease in wave (c) with initial targets in the area of ​​accumulation of PUT option contracts, with which professional market participants hedge their BUY futures transactions, in the amount of $840M and $838M. Upon reaching these levels, it is very likely that a corrective growth will occur, followed by a continuation of the decline already in the area of ​​1700, where there are accumulations of PUT option orders in the amount of $2.5B, as well as the level of hedgers (professional market participants whose goal is solely to hedge the currency risks of their clients).
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