GOLD: Price may develop an ABC correction

GOLD: Price may develop an ABC correction

Following the bigger picture price reacted very well with the "A" wave.

The probability is very high that the price is close to the end of the "B" wave correction that appears a
bit complex today as it is showing both probabilities.

However, we must be very careful as the main trend is still bullish and the reversal will happen
with small steps...if it will happen.

There is also the probability that the price will rise a bit more by 1797.

PS: At the moment, there is no clear pattern of decline.

Thank you and Good Luck!



GOLD Bigger Picture:

Comment:

Gold - Price completed the bullish wave as expected and now we have to be careful and to watch how if the price will slow down.
The bullish momentum is still very strong and it is not advised at all to sell without any confirmation despite the bigger picture that we are looking at.