On H1 Gold have completed Bearish Bufferfly and got multiple rejections from 1690 level.
It seems like Gold have completed the 5th wave here and now preparing for the ABC correction.
In the next session there are two reasons for me to go short.
1. Bearish butterfly at the highest price of GOLD.
2. Bearish Divergence in RSI.
Gold might test the resistance for the 3rd I think better to waite for candle confirmation at this level.
Gold Might touch 1682 to 1662 in the upcoming sessions.
For me its short.
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It seems like Gold have completed the 5th wave here and now preparing for the ABC correction.
In the next session there are two reasons for me to go short.
1. Bearish butterfly at the highest price of GOLD.
2. Bearish Divergence in RSI.
Gold might test the resistance for the 3rd I think better to waite for candle confirmation at this level.
Gold Might touch 1682 to 1662 in the upcoming sessions.
For me its short.
Please hit like button if you like my idea. and follow me for new ideas.