The bullion metal is currently at its dawn of a new uptrend.
It has completed wave 1 in the form of 5 waves. It is currently in its wave 2 which is of 3 waves.
Hence, we expect the pair to find support at 1220.36 and then kick start its wave 3.
It has completed wave 1 in the form of 5 waves. It is currently in its wave 2 which is of 3 waves.
Hence, we expect the pair to find support at 1220.36 and then kick start its wave 3.
Trade closed: target reached