SleekGeek254

Gold Correction may go above 1790 to 1800-1810 area

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Here we have seemed ot for a new channel after the downward channel broke last week

Thus creating a new 5 wave correction or one simple ABC up yet to be determined completely when we get to 1790

if we break down next to the question mark after the 1790 bounce then we will begin the journey to 1600 but if we bounce on the channel we will head up to create a double to before we tank or rise up higher
but 1790 is the near term goal
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.