Shingi_Lesetedi

Gold's Corrective Structure

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
After setting an all time new high at $2075 we are now seeing a well due corrective structure. Given the preceeding trend we can expect price to continue its uptrend if our key demand zone manages to contain price. Upon completion of the 5 wave corrective structure we can expect an A,B,C structure inclining to the upside taking low risk entries where possible.

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