siyamakdarkale

Correction of A Bullish Wave

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
What's certain is that we're correcting the upside from 21 July.
It's started.
I think the C corrective wave could be more complete than this and will be in the range of 1714.
With Momentum returning in this area, we expect the end of the correction, and the move for the first resistance in the 1767 range.
If the price stabilizes below 1707, this analysis is not valid.
Good luck

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.