Gold . I still see it in a normal correction in the 1760s. First, the general trend of gold is down, with the borders of the areas it has visited now.
The break of the logic in the image is considered corrective in areas of 1769. Five corrective waves are considered deep in relation to the corrections before it. What limits our feeling of changing the pattern from a to an upside is the momentum in the two waves was weak.
of a significant retention of the buying momentum, approaching the support limits in the 1740 region.
We are waiting for these areas to enter buy or sell quick scalp deals. 50 to 100 pips.
Daily movements await the interaction of gold with areas 1750.1760. or the current region with a reference point 1740, Previous resistance, selling with initial goals. 1680. Then 1660. 1620.
Finally, mention that the stimulus package has been completed. On Wednesday, attention must be paid to the Fed’s decision regarding . In general, i see the gold will make a correction from a deep level with weak momentum at present, and I see the formation of a specific price pattern 'reversal wedge' such as. An inverse entry is a sell-off that will be from a strong point with good targets.