Gold, still an uptrend till the end of the wave B.

12 de jul. de 2023

hello everybody. as you can see in my wave analysis, this is going to be a correction from the last major high. it seems to me that we have completed a 1-5 for wave (A) and now we are in the wave (B) of corective ABC. we expect the uptrend to continues to the fib lvls. Anyway breakig the 2070 high will invaidate this analysis. in the next days I'll keep an eye on the gold price in lower timeframes to see if the price provide us with the oppurtunnities to go long with the current trend to the end of wave B.
be catious and use monymanagement and stoploss to prevent huge losses.