Gold Bearish to $2.558!
On the overall weekly TF, Gold has now completed a 5 wave bullish cycle. I am now expecting a reversal to start back to the downside, targeting the $2,400 zone.
It's possible market can push a little higher towards the early $2,600 zone. But overall, from a weekly aspect Gold is ready for a long awaited reversal. If we get any strong rejections around $2,558 we might see 1 final leg up towards $2,600 but it is nothing to worry about!
It's possible market can push a little higher towards the early $2,600 zone. But overall, from a weekly aspect Gold is ready for a long awaited reversal. If we get any strong rejections around $2,558 we might see 1 final leg up towards $2,600 but it is nothing to worry about!
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