harshjapee

Gold progressing in Wave C towards $1950/70 ?

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold had dropped from $2075 through $1848 sub dividing into 5 waves, potential Wave (1). Since then a corrective wave might be unfolding A-B-C and could push through $1950/70 zone, the previous Wave 4 termination. It would be good to sell on rallies through above resistance zone for a Wave (3) lower towards $1670 at least.

Sell @ 1900 and add more @ 1950/70, stop @ 2075, target @ 1670


Good luck!

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