We can see in day chart Gold has made all three Elliot impulsive Waves with two correctives.
After completing the waves, Gold has done Elliot ABC Corrective wave and tried to make support at C but failed.
As US economy is having positive signs and dollar is strengthening day by day, I think Gold is going to start the Bearish movement.
In long run, gold may fall to 1820 zone following 1740 zone.
After completing the waves, Gold has done Elliot ABC Corrective wave and tried to make support at C but failed.
As US economy is having positive signs and dollar is strengthening day by day, I think Gold is going to start the Bearish movement.
In long run, gold may fall to 1820 zone following 1740 zone.