GOLD (US$/OZ) - LOOKING BEARISH - ABC CORRECTION IN PLAY
Price has completed 5 motive waves and it seems like the correction is imminent. We had fairly strong bearish candle at the top which gives an initial bias towards the downside.
It's obviously not 100% certain we will get an ABC Zig-Zag but any topping formation in the sense of 2x Tops or an Expanded Flat correction could initiate or confirm the move down.
As a target area I'm looking somewhere around the $1370 mark.
Stay tuned for updates!
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It's obviously not 100% certain we will get an ABC Zig-Zag but any topping formation in the sense of 2x Tops or an Expanded Flat correction could initiate or confirm the move down.
As a target area I'm looking somewhere around the $1370 mark.
Stay tuned for updates!
Follow and leave a like if you liked this idea and want to see more! :)
Comment:
It's as if I got a market GPS ;)))