CFD Oro (US$/OZ)Short
#Gold another bearish leg possibility
In the 1H timeframe, it appears that price has completed a 5-wave bullish impulsive move, which may now be followed by a 3-wave bearish corrective move.
So far, we have observed legs A and B of this bearish correction, but wave C has yet to form.
Therefore, as long as price remains below 2747, we can anticipate this bearish move to unfold.
So far, we have observed legs A and B of this bearish correction, but wave C has yet to form.
Therefore, as long as price remains below 2747, we can anticipate this bearish move to unfold.
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