GOLD - Potential for Correction Wave C

Gold is nearing a completion of Wave B. We need to wait for rejection to confirm the start of Wave C. Overall, the Bullish momentum has been very strong due to ongoing conflicts however as we approach end of year, we may see a stronger dollar due to profit takings. Trump is also coming in Power in Jan 2025, so this will give a Bullish momentum to Dollar as well.

If the Above Resistance level is broken, then this analysis will be voided and we should see Bullish move on Gold.

For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.

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Disclaimer: This content is for educational purposes only and should not be considered financial advice.