market-range

Expect a correction in gold

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
In the weekly cash data, we discussed the price and time dimensions of Part C of the bullish momentum pattern started in gold. On average, we expect this wave to continue until the end of May, with maximum goals, in the range of $2400. Wave C will have ascending and descending fractal parts, and in a suitable correction, we can buy. In case of correction from this price range, the floor is 2080 dollars and in case of correction from higher prices, the floor of 150 dollars is suitable for entry.
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