Gold is making a corrective structure in a downtrend. This 3 wave structure looks complete, there is bearish div present on the HTFs.
Good short setup from atleast a correction or breakdown to 2015 lows.
Watch for the breakdown from the below trendline and followed by a corrective structure for confirmation of the move down to 2015 lows to complete the monthly flat structure.
Good short setup from atleast a correction or breakdown to 2015 lows.
Watch for the breakdown from the below trendline and followed by a corrective structure for confirmation of the move down to 2015 lows to complete the monthly flat structure.
Comment:
This is looking corrective. May get another impulse up
