Gold corrective in progress towards sub $1810/30

9 thg 12, 2020

Gold most likely completed 5 waves at $1875 yesterday, marking an impulse Wave (1). Ideally a 3 wave corrective drop likely to unfold towards at least $1830, and up to $1805/10 levels from here. Thereafter a sharp rally through $1950/65 as Wave (3) unfolds.

Short term bearish through $1810/30 levels.