Daily candle was closed on positive note. Another ATH was reached during Asian session.
After that, Gold was kind of consolidating from 2322-2342.
5th wave should end pretty soon. Buying needs to be cautious.
Monitoring closely at 4hourly timeframe for possible rising wedge formation.
Once formed, we could see price correction until 2300 first.
If not formed, looking for price action at 2358 for selling opportunities.
After that, Gold was kind of consolidating from 2322-2342.
5th wave should end pretty soon. Buying needs to be cautious.
Monitoring closely at 4hourly timeframe for possible rising wedge formation.
Once formed, we could see price correction until 2300 first.
If not formed, looking for price action at 2358 for selling opportunities.