Gold is currently creating a very tricky & complex wave count in the markets & I believe there is still a chance for it to drop lower towards 1870. However, this wave count is also valid. We have seen completion of Wave 5 hitting a low of 1896 followed by a sharp move up. Since then we have been ranging within this tight zone which could be the start of a new uptrend. I will be trying long positions from here with a potential target of 1000 PIPS profit🦾 If this scenario fails, I will go back to my original buying zone at 1872-1867.
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All of my socials are listed on my TradingView profile. Feel free to follow my TradingView in order to keep up to date with all the latest analysis. Drop a like if you agree with this chart analysis or let me know if you disagree!
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