Gold has been retracing recently from a short term perspective. I am still bullish on it, after the 40-year high of UK inflation today (what made GBP currencies fall few hours ago). I like the third wave in the correction to reach 80% fib level before catching the buy. Buy after confirmation patterns on that level, because Gold can keep trending down and expand the wave otherwise.
If you can afford taking more risks, gold can bounce from the actual level (61.8%): risk management is always the key to success.
If you can afford taking more risks, gold can bounce from the actual level (61.8%): risk management is always the key to success.