Gold Points Down, After A Flat Correction

 | Sep 16, 2019 05:23AM ET

Hello fellow traders,

Gold is very interesting to track this time, after that five wave drop from 1556 which is evidence for a bearish price action that is expected to continue after a corrective rise. It looks like that this corrective rise will be complex; ideally a flat after that drop to 1485 area, so ideal resistance for a drop will be at 1524-1528 zone.