Lowering my target to 2300 Gold
We're still short from D leg with a 2340 Target. Which is right at thr .618 fib for the E leg. You could get s bounce from 2340 at the .618 fib, I will revaluate Gold st that level.
Additionally a bounce from 2340/.618 fib level could create a buy opportunity which leads to a greater short entry. Gold is far too extended, and I can see folks are buying gold at the top of a wedge. The stoch rsi is oversold on the monthly. Imho Gold needs to continue to retrace to 2300..
Wait for confirmation and see if 2340 holds for bounce before shorting to 2300, that bounce could provide great entry. More updates coming
Additionally a bounce from 2340/.618 fib level could create a buy opportunity which leads to a greater short entry. Gold is far too extended, and I can see folks are buying gold at the top of a wedge. The stoch rsi is oversold on the monthly. Imho Gold needs to continue to retrace to 2300..
Wait for confirmation and see if 2340 holds for bounce before shorting to 2300, that bounce could provide great entry. More updates coming
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