gcplau

Wave Projection on Gold 4h

Short
gcplau Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Under the 5th swing of the dollar strength, expect gold to continue drifting down.

Double top of the Gold weekly makes me believe this key range bottom 1683 level will be retested.

This is a Elliot Wave projection on gold using Extended Fibs. One of the key monitoring is whether the strong 1683 weekly level be broke or hold when approached.
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