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GOLD Expected To Face More Weakness

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Jan 10 2020

Good morning traders,

After a completed five-wave move higher from November of 2019 lows, we can see that metal found a possible top at the 1611 high, from where a sharp, impulsive drop started unfolding. This drop can be part of a minimum three-wave reversal, which can take price towards the minimum objective target at 1520/1500 region.

Gold, 4h


Also if you have missed our latest video on the upcoming year, you can check it below.

Trade well,

The EW-forecast team.




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