Gold had moved from $ 2076 ( all time high) to $ 2014, before a minor rise and then an impulsive correction to $ 1863.
Price has moved back towards $ 2014. It is difficult to buy gold here as this is now an interesting area for resistance ( wave 4 shouldn't close within the wave 1 zone) , and any failure here
may see price correct to $ 1950 or lower. Strong support is seen at $ 1863.
Given fundamentals haven't changed, the bias is still to buy gold , and maybe at a lower price.
Price has moved back towards $ 2014. It is difficult to buy gold here as this is now an interesting area for resistance ( wave 4 shouldn't close within the wave 1 zone) , and any failure here
may see price correct to $ 1950 or lower. Strong support is seen at $ 1863.
Given fundamentals haven't changed, the bias is still to buy gold , and maybe at a lower price.
Comment:
bingo...