BillCharison

#GOLD - Correction Before Next Round!

OANDA:XAUUSD   Gold Spot / U.S. Dollar
The upward movement on $GOLD is coming to its end after the breakout of the descending resistance. Firstly we need to finish a formation of 1-5 wave, then form a correctional ABC wave which should retest the descending level. The end of ABC wave should be at $1700 - $1715 zone from were we expect to see a reversal upwards.

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