Gold

Price momentum has weakened and we saw a daily movement which is less than 200pips today since the past 5 days with a lot of change in direction during the day.

I attribute this behavior to
1. The demand zone Price got in
2. Price has completed a wave iii of the wave c for zigzag correction unfolding, and wave 4 is about to start.

I would advise looking out for buying opportunities provided Price doesn't close below the demand zone at 1809. We might see Price move up to 1858 in the next couple of days before the downtrend resumes

I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍.

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Commentaire:

Gold came out to play early 🤑💲💸

Trade fermée: cible de profit atteinte:

Target hit 🎯