Gold short - Supply Demand, Correction, Trend Line
On Gold we can identify a big Correction Channel. The price is right now correcting the big monthly impulsive Wave. Target is around 1800. Afterwards I do expect a big move to the upside.
The price is right now at a level of structure. Also it is previous Demand now turned Supply Zone. We can expect a nice push to the downside from this level. First target is the Support Area. After the break of this level we may see the price continue to drop to our monthly target. This would complete the Correction after the Impulsive. Minimum Target would be 1830 Area.
What do you think of Gold?
The price is right now at a level of structure. Also it is previous Demand now turned Supply Zone. We can expect a nice push to the downside from this level. First target is the Support Area. After the break of this level we may see the price continue to drop to our monthly target. This would complete the Correction after the Impulsive. Minimum Target would be 1830 Area.
What do you think of Gold?
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