zhipengcfel
Short

Gold might need a retrace

FX:XAUUSD   Gold / U.S. Dollar
Gold             meets a big resistance at 1277~1284 area. The indicator also shows a divergence. From EW analysis, it seems gold             have finished the five waves up of the extensive intermediate wave 3.

Now the bull might have a rest and go back to 1238 first and then back to 1214.

Notes: if it breaks up 1277~1284 area, this analysis will be invalid!

Good luck for everyone!
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