Gold Undergoing A Correction; Possible Reversal Around 1230/1260
Gregor Horvat | Oct 04, 2016 10:10AM ET
Gold broke to the downside which I assumed it will happen as bearish momentum was increasing over the last few days. Gold is now beneath 1300 area, so I reviewed the wave count on higher time frame but still see a move down from the high as corrective; now in subwave C of B)/II) which may see 1230-1260 area.
GOLD, Daily
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